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bedau bedau
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6 years ago
Which of the following is NOT an argument of non-activists?
A) private spending may show some instability but monetary or fiscal policy designed to stabilize it will just make things worse
B) private spending is stable partly because consumption spending is based on permanent income
C) even if prices are not completely flexible in the short-run, given time there is enough flexibility for the system to return to the natural level of real GNP
D) it is true that monetary and fiscal policy have destabilizing in the past, but economic knowledge is now advanced enough to permit effective countercyclical policy
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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6 years ago
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bedau Author
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6 years ago
Smart ... Thanks!
zsc999
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
annakc
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2 hours ago
Correct Slight Smile TY
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