If macroeconomic policy has been successful over time, it is likely that the economy has NOT seen:
A) any inflation.
B) any severe recessions.
C) any unemployment.
D) a business cycle.

Question

Quizplus · Accepted Answer

Successful macroeconomic policy aims to mitigate severe recessions by smoothing out the business cycle, not to eliminate inflation, unemployment, or the business cycle entirely.

If Macroeconomic Policy Has Been Successful Over Time, It Is