Nonactivists propose doing nothing in the face of economic hardship because ________.
A) markets can take quite a bit of time to self-correct
B) excessive unemployment tends to disappear on its own accord
C) while households feel the hardship,firms typically benefit
D) all of the above
E) none of the above
Correct Answer:
Verified
Q60: Fiscal policy involves _.
A)taxes and government spending
B)setting
Q61: Consider an economic policy regime in which
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Q63: The Federal Reserve _.
A)is the U.S.central bank
B)controls
Q64: The old adage "rules are made to
Q66: Activist policymakers,compared to nonactivists,are more likely to
Q67: Historically,the U.S.government seems to have _.
A)run budget
Q68: The low saving rate in the United
Q69: The Federal Reserve _.
A)engages in stabilization policy
Q70: An advantage of macroeconomic policy based on
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