Advocates of an active approach think that only when unemployment is high can the natural adjustments of wages and prices be effective.

Question

Quizplus · Accepted Answer

Advocates of an active approach to economic policy believe in using government intervention, such as fiscal and monetary policy, to manage economic fluctuations and do not necessarily wait for high unemployment for natural adjustments of wages and prices to take effect.

Advocates of an Active Approach Think That Only When Unemployment