Which one of the following statements is incorrect?
A) Policy activists believe in the use of fiscal and monetary policies to combat inflation and unemployment.
B) Monetarists are policy activists.
C) Keynesians are policy activists.
D) New classical economists are non-interventionists.
E) Non-interventionists believe that discretionary fiscal and monetary policies are destabilizing.
Correct Answer:
Verified
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
Q49: Statement I: Policy activists believe that the
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
Q55: According to the rational expectations theory
A)anticipation of
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