Passive policy advocates rely on an economy's natural ability to correct itself in case of unemployment because of _____
A) the lack of any real concern for those who have no jobs.
B) the conviction that unemployment is relatively harmless.
C) the belief that active economic policy is likely to be either ineffective or harmful.
D) the desire to await further economic data before intervening.
E) the belief in the law of diminishing returns.
Correct Answer:
Verified
Q50: Which of the following macroeconomic variables is
Q51: Discretionary policy advocates believe _
A) that there
Q52: According to the rational expectations theory, people
Q52: Which of the following is not a
Q53: Which of the following is correct?
A) Monetary
Q55: The effectiveness of a particular government policy
Q56: Aggregate supply depends on _
A) what sort
Q57: Which of the following statements supports the
Q58: An effective policy of governmental intervention in
Q59: The short-run aggregate supply curve is drawn
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