Successful Stabilization Policies Are Very Difficult to Implement Because All

question 37

Multiple Choice

Successful stabilization policies are very difficult to implement because all of the following reasons, except:

• A) decision- makers are slow to respond to changes in the economy.
• B) the difference in the length between inside and outside lags.
• C) decision- makers are slow to recognize changes in the economy.
• D) fiscal policy takes time to operate.

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Definitions:

Toxic Chemicals

Substances that can cause harm to humans, animals, plants, or the environment through their chemical composition and properties.

Three Mile Island

The site of a nuclear power plant in Pennsylvania, where a partial nuclear meltdown occurred in 1979, drawing widespread attention to nuclear safety issues.

Exxon Valdez

An oil tanker whose 1989 spill off the coast of Alaska caused one of the biggest environmental disasters in U.S. history.

Safeguards

Protective measures or mechanisms put in place to prevent harm, damage, or any other undesirable outcome.