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:

• A) it cannot be effective.
• B) of policy lags.
• C) it always destabilizes the economy.
• D) of the risk of government waste.

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Definitions:

Organogenesis

The phase of embryonic development in which the organs of the body are formed, occurring after gastrulation.

Trimester

A term divided into three parts, often used to describe the three roughly three-month periods into which pregnancy is divided.

Toxic Chemicals

Substances that are harmful or deadly to living organisms when introduced into the environment or the body, often through pollution or contamination.

Liver Damage

Harm to the liver, often resulting from conditions like hepatitis, alcohol misuse, or drug toxicity, impacting its ability to function properly.