Whether One Views the Discretionary Policies of the 1960s and 1970s

question 20

Multiple Choice

Whether one views the discretionary policies of the 1960s and 1970s as destabilizing or believes the economy would have been less stable without these policies,most economists agree that

• A)stabilization policies proved more difficult in practice than many economists had expected.
• B)stabilization policies proved not to be inflationary.
• C)the nondiscretionary policymakers were right in believing that the private economy is inherently stable.
• D)the discretionary policymakers were right in believing that the private economy is inherently stable.

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Definitions:

Middle-class Whites

A socio-economic group within Western societies typically characterized by moderate levels of income, education, and occupational prestige.

Upper Classes

Social strata characterized by high socioeconomic status, wealth, and influence, often distinguished by their access to power and resources.

Public Education

Education that is provided by the state, funded by government resources, and available to all individuals without charge.

Health Disparities

Differences in health outcomes and access to healthcare services among different population groups, often influenced by social, economic, and environmental factors.