The case for a "hands off" economic policy is based on the widely held belief that
A)Fiscal policy works but monetary policy does not.
B)Monetary policy works but fiscal policy does not.
C)Discretionary policy can improve the economy but is often impractical.

Question

Quizplus · Accepted Answer

The case for a "hands off" economic policy is based on the belief that discretionary policy can improve the economy but is often impractical. This view holds that governments should avoid most attempts to intervene in the economy and instead rely on market forces to allocate scarce resources. This approach is often associated with free-market economics and laissez-faire policies. While this view has its critics, it remains a popular perspective among many economists and policymakers.

The Case for a "Hands Off" Economic Policy Is Based