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The Great Moderation Consensus Among Macroeconomists Is That Fiscal Policy

question 147

Multiple Choice

The Great Moderation consensus among macroeconomists is that fiscal policy should be used sparingly because:


Definitions:

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, values, and identity.

Extraversion

A personality trait typified by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Irrational Opinions

Irrational opinions are beliefs or judgments that are not based on reason or logical thinking but on emotions or flawed reasoning.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

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