The Great Moderation Consensus Is That Discretionary Fiscal Policy Can

question 182

True/False

The Great Moderation consensus is that discretionary fiscal policy can be destabilizing because of lags in adjusting policy.

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Definitions:

Emotional System

An intrinsic framework within individuals that involves the processing and regulation of emotions, influencing behavior and cognitive processes.

Consciousness Raising

Consciousness raising refers to activities or discussions aimed at increasing awareness, typically about social, cultural, or political issues.

Reduction Ad Absurdum

A method of argument in which a proposition is disproven by following its implications logically to an absurd conclusion.

Relabeling

A cognitive behavioral technique where negative or distressing labels about oneself or situations are consciously replaced with more positive or neutral ones.