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 in the currently believe stabilization policy should be used.

Question

Quizplus · Accepted Answer

In the 1960s, many economists believed that stabilization policy could be effectively used to fine-tune the economy. However, currently, fewer economists hold this belief and instead argue that stabilization policy is not as effective in practice as it may seem in theory. Therefore, Choice C is the most accurate option. Choices A, B, and D are not accurate as they present extreme or inaccurate views.

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