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One Disadvantage of Discretionary Fiscal Policy Is That It Can

question 39

True/False

One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output,but at the cost of increasing the price level.


Definitions:

Pharmacodynamic

pertains to the study of the biochemical and physiological effects of drugs and their mechanisms of action.

Analgesic

A class of drugs designed to relieve pain without causing loss of consciousness.

Tylenol

A popular brand name for acetaminophen, a medication used to reduce fever and relieve pain.

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