Advocates of the active approach believe that discretionary government policy can restore economic stability and improve economic performance.
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Q99: Economist Alban William Phillips believed that:
A)the Fed
Q100: The Phillips curve shows:
A)the relationship between the
Q101: Advocates of the passive approach to government
Q102: In general,the faster inflationary expectations adjust,the:
A)less macro
Q103: If inflationary expectations increase,we can infer that:
A)unemployment
Q105: The figure below reflects the inverse relationship
Q106: The unemployment rate can remain below the
Q107: The figure below reflects the inverse relationship
Q108: Active macroeconomic policy would move to close
Q109: An economy that self-corrects a recessionary gap
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