According to Computer Estimates Using a Traditional Macroeconomic Model,the Obama

question 11

Multiple Choice

According to computer estimates using a traditional macroeconomic model,the Obama administration found that the multiplier for tax cuts and government expenditures were respectively

• A).99 and 1.59.
• B)1.59 and .99
• C)1.3 and 1.7
• D)1.7 and 1.3

---

Definitions:

Statistical Test

A methodological procedure used to evaluate the probability of a hypothesis about a dataset being true.

Infant Health

The area of medical study and practice focusing on the physical and mental well-being of babies from birth to 1 year of age.

Policy

A deliberate system of guidelines, principles, or rules designed to guide decisions and achieve rational outcomes within an organization or governmental body.

Principle

A fundamental truth or proposition serving as the foundation for a system of belief, behavior, or chain of reasoning.