In comparing the views of economists on stabilization policy in the 1960s with the views of economists on stabilization policy in the 1990s, one can say
A)few economists in the 1960s favored stabilization policy, while most economists in the 1990s favored stabilization policy.
B)economists' views on stabilization policy have changed very little since the 1960s.
C)fewer economists in the 1990s than in the 1960s believed it is possible to use stabilization policy to fine-tune the economy.
D)almost no economists in the 1990s believe stabilization policy should be used.

Question

Quizplus · Accepted Answer

In the 1960s, many economists believed in the effectiveness of stabilization policy to fine-tune the economy. However, by the 1990s, fewer economists believed that stabilization policy could be used for fine-tuning. While some economists still support stabilization policy, there is more skepticism about its effectiveness and potential unintended consequences. Therefore, option C is the most accurate.

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