Activists Believe That

question 42

Multiple Choice

Activists believe that

• A) discretionary changes in macroeconomic policy can help smooth the ups and downs of the business cycle.
• B) balancing the federal budget is of primary importance to economic stability.
• C) the economy's self-correcting mechanism, if not stifled by perverse policies, will prevent prolonged periods of high unemployment.
• D) the M1 money supply should be increased at a steady annual rate.

---

Definitions:

Event

An occurrence or happening, especially one of significance, that can be observed or participated in.

Dependent

Relies on or is determined by another object, condition, or factor.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s).

Probability

A quantification of the probability that a given event will happen, usually represented as a numerical value ranging from 0 to 1.