In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy,one can say
A) few economists in the 1960s favored stabilization policy, while most economists currently favor stabilization policy.
B) economists' views on stabilization policy have changed very little since the 1960s.
C) fewer economists currently believe it is possible to use stabilization policy to fine-tune the economy than in the 1960s.
D) almost no economists currently believe stabilization policy should be used.

Question

Quizplus · Accepted Answer

In the 1960s, there was widespread belief among economists that stabilization policy could be used to fine-tune the economy. However, in recent years, there has been a growing recognition among economists that the limitations of the tools available for stabilization policy make it difficult to fine-tune the economy. As a result, fewer economists currently believe it is possible or effective to use stabilization policy to fine-tune the economy.

In Comparing the Views of Economists on Stabilization Policy in the 1960s