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
Q28: A key issue in the present disagreement
Q29: Q31: The _ hypothesis is based on the Q32: The new classical economists are the Q42: Rational expectations refer to Q43: The theory that people will expect fiscal Q43: Which one of the following statements best Q45: Classical economists perceive that Q48: According to the rational expectations theory the Q54: The rule suggested by the monetarists is
A)Keynesians.
B)economic behaviorists.
C)supply-siders.
D)rational
A)the use of all
A)investors' expectations about returns
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