Title: Those who favor an active approach to policy and those who favor a passive approach disagree not ... Post by: svanschaik on Feb 27, 2018 Those who favor an active approach to policy and those who favor a passive approach disagree not only on how quickly the government can act but also on how stable the economy basically is.
a. True b. False Indicate whether the statement is true or false QUESTION 2 Advocates of an active approach think that only when unemployment is high, the natural adjustments of wages and prices can be effective. a. True b. False Indicate whether the statement is true or false QUESTION 3 The country of Erbia has been experiencing high unemployment over a period of seven years. A likely outcome of such a situation is that potential GDP will fall. a. True b. False Indicate whether the statement is true or false QUESTION 4 The effectiveness lag for monetary policy is short. a. True b. False Indicate whether the statement is true or false QUESTION 5 An economy that self-corrects an expansionary gap will experience stagflation. a. True b. False Indicate whether the statement is true or false QUESTION 6 Passive macroeconomic policy would rely on natural market forces and automatic stabilizers to close an expansionary gap. a. True b. False Indicate whether the statement is true or false Title: Those who favor an active approach to policy and those who favor a passive approach disagree not ... Post by: Mohd123 on Feb 27, 2018 Content hidden
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