The Great Failure of Activist Fiscal Policy in the 1960s

question 16

Multiple Choice

The great failure of activist fiscal policy in the 1960s was its

• A)timidity in the face of persistent stagnation.
• B)over-reliance on tax cuts to the exclusion of government spending programs.
• C)delay in reversing course as the economy became overstimulated.
• D)limited role as an accommodator of an activist monetary policy.

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Definitions:

Total Minutes

This term often refers to the total amount of time calculated for a particular process, activity, or operational measurement.

Time-Driven

A method or system that calculates costs based on the time resources are used.

Activity-Based Costing

A cost distribution method that identifies operations within an entity and allocates the cost of these operations to each product and service according to their actual utilization.

Matching Capacity

Matching capacity involves adjusting a company's production capacity to meet forecasted demand, ensuring efficient use of resources.