Advocates of active stabilization policies, in defense of their views, argue that
A) stabilization is less necessary than is commonly advocated by monetarists.
B) discretionary policy in not necessary because automatic stabilizers are sufficient.
C) perfect stabilization is not possible, but moderate improvements in economic performance are possible, such as the response to the events of September 11, 2001.
D) All of these responses are correct.
Correct Answer:
Verified
Q177: If the aggregate supply curve is steep,
A)increased
Q178: In terms of the price-real GDP diagram,
Q179: A contractionary monetary policy is most likely
Q180: If the aggregate supply curve is flat,
A)expansionary
Q181: When recessions occur, advocates of small government
Q183: Attempts to keep the economy always within
Q184: What role does ideology play in the
Q185: What is the shape of the AS
Q186: Believers in fixed rules maintain that
A)with accurate
Q187: One of the strongest arguments against active
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