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:

Inflammatory Bowel Disease

A term for two conditions, Crohn's disease and ulcerative colitis, that cause chronic inflammation of the gastrointestinal tract.

Corticosteroids

A class of steroid hormones that are produced in the adrenal cortex and used medicinally to reduce inflammation and suppress the immune system.

Histamine-Receptor Antagonist

A substance or drug that blocks the action of histamine, reducing or preventing the typical symptoms associated with allergies.

GER

Gastroesophageal Reflux, a condition in which stomach acid flows back into the esophagus, causing discomfort.