Which of the Following Statements Correctly Describes the Policy Stance

question 57

Multiple Choice

Which of the following statements correctly describes the policy stance of a macroeconomist?

• A) A monetarist believes that the quantity of money should be constantly changed in order to offset changes in aggregate demand.
• B) A Keynesian would believes that if taxes are always kept low and the quantity of money is kept on a steady growth path, no policy actions will be needed to maintain full employment.
• C) A new classical macroeconomist believes that fiscal and monetary policy are required to maintain full employment.
• D) A classical macroeconomist believes that maintaining consistently low taxes will allow the economy to expand at an appropriate and rapid pace.

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Definitions:

Order Management

The process of efficiently tracking and fulfilling sales orders, from initial order receipt through to delivery.

Internal Production

The process of manufacturing or producing goods within a company using its own facilities, resources, and personnel, as opposed to outsourcing.

Supply Chain Difference

The distinct characteristics, processes, or aspects that set one supply chain apart from another in terms of efficiency, effectiveness, and management.

Gateway

A point within a network that acts as an access interface to another network, often referring to trade or data communication points.