A central tenet of the position against policy activism is that
A)consumption spending is highly unstable.
B)consumption spending is highly stable.
C)aggregate policies have little effect on consumption.
D)instability in private consumption will always be offset by variations in other elements of private spending.

Question

Quizplus · Accepted Answer

The central tenet of the position against policy activism is that consumption spending is highly stable. This means that changes in aggregate policies will have little effect on consumption as it is not easily influenced or affected by external factors.

A Central Tenet of the Position Against Policy Activism Is