The argument for passive policymaking will be stronger if
A) pure competition is widespread.
B) price flexibility is common.
C) wage flexibility is common.
D) all of the above.
Correct Answer:
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Q311: As a result of people's habit formation,
Q312: According to the rational inattention theory, during
Q313: Wage and price stickiness causes
A) changes in
Q314: When it comes to active policymaking most
Q315: The conclusion that the economy has price
Q316: Most economists agree that
A) active policymaking is
Q317: If people experience rational inattention, then during
Q319: Those who favor passive policymaking argue that
Q320: There is greater support for active policymaking
Q321: Compare and contrast the arguments favoring active
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