Whether one views the discretionary policies of the 1960s and 1970s as destabilizing or believes the economy would have been less stable without these policies,most economists agree that
A) stabilization policies proved more difficult in practice than many economists had expected.
B) stabilization policies proved not to be inflationary.
C) the nondiscretionary policymakers were right in believing that the private economy is inherently stable.
D) the discretionary policymakers were right in believing that the private economy is inherently stable.
Correct Answer:
Verified
Q1: Suppose that there is a positive aggregate
Q3: Suppose that there is a negative aggregate
Q4: The rational expectations hypothesis implies that when
Q5: Arguments for discretionary policies include
A)policy rules can
Q6: The Lucas critique is an attack on
Q7: Arguments for adopting a policy rule include
A)the
Q8: Lucas argues that when policies change,expectations will
Q9: According to the Lucas critique,if past increases
Q10: The argument that econometric policy evaluation is
Q11: Arguments for adopting a policy rule include
A)discretion
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