Economist Abba Lerner compared the economy to a car needing
A)an efficiency wage to make the labor markets work like an efficient engine.
B)regular price-level surprises, like oil changes, to make it run smoothly.
C)a "steering wheel" that the government can use to guide it forward.
D)a monetary rule to prevent a "backseat driver" from making it go off course.

Question

Quizplus · Accepted Answer

Abba Lerner is known for advocating the idea that the government should actively manage the economy, similar to how a driver uses a steering wheel to guide a car.

Economist Abba Lerner Compared the Economy to a Car Needing