Believers in Fixed Rules Maintain That

question 61

Multiple Choice

Believers in fixed rules maintain that

• A)with accurate forecasts, we can see inflation coming at least one year ahead of time.
• B)the length of stabilization lags is not important because fiscal policy actions are taken quickly and the economy feels the effect on aggregate demand quickly.
• C)we should forget about discretionary policy and put the economy on autopilot, relying instead on automatic stabilizers and the economy's self-correcting mechanism.
• D)the economy's self-correcting mechanism is slow and not very reliable, even with automatic stabilizers.

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Definitions:

Nurse Manager

A registered nurse who has managerial responsibilities, including overseeing nursing staff, managing budgets, and ensuring the delivery of high-quality patient care.

Autocratic Leader

A leadership style characterized by individual control over all decisions and little input from group members.

Suggestion Box

A receptacle for collecting anonymous ideas or feedback, typically used in organizations to encourage open communication.

Work Schedule

A structured plan outlining the times and days allocated for work activities and tasks.