Statement I: Policy activists believe that the economy is inherently unstable and that discretionary fiscal and monetary policies are necessary to provide economic stabilization.
Statement II: Non-interventionists believe that the economy has built-in stabilizing forces.
A) Statement I is true and statement II is false.
B) Statement I is false and statement II is true.
C) Both statements are true.
D) Both statements are false.
E) Not enough information is provided to determine if either statement is true or false.
Correct Answer:
Verified
Q44: Milton Friedman,a leading monetarist,believes the Fed should
Q45: Classical economists perceive that
A)investors' expectations about returns
Q46: The theory that people will expect fiscal
Q47: According to the monetarist point of view
A)to
Q48: According to the rational expectations theory the
Q50: Which one of the following statements is
Q51: According to classical economic theory
A)expansionary fiscal policies
Q52: Which of the main economic schools of
Q53: According to supply-side economics,when operating in the
Q54: The rule suggested by the monetarists is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents