Opponents of Active Stabilization Policy

question 74

Multiple Choice

Opponents of active stabilization policy

• A)advocate a monetary policy designed to offset changes in the unemployment rate.
• B)argue that fiscal policy is unable to change aggregate demand or aggregate supply.
• C)believe that the political process creates lags in the implementation of fiscal policy.
• D)feel that fiscal and monetary policy should only be used to counteract short-run fluctuations but not long-run goals.

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Definitions:

Adult Personality

The complex patterns of behaviors, feelings, and thoughts that constitute an adult individual’s distinctive character.

Genital Stage

A phase in Freudian psychosexual development occurring from puberty onwards, where sexual maturation is complete and sexual intercourse becomes a major goal.

Piaget's Theory

A theory of cognitive development that explains how children construct a mental model of the world through experiences and stages of development.

Developmental Norms

Benchmarks or standards of development that describe typical progress and milestones for children at certain ages.