Arguments in Favor of Passive Economic Policy Include All of the Following

question 92

Multiple Choice

Arguments in favor of passive economic policy include all of the following except:

• A) monetary and fiscal policies work with long and variable lags, which can produce destabilizing results.
• B) economic forecasts have too large a margin of error to be useful in formulating stabilization policy.
• C) recessions do not reduce economic well-being, so using monetary and fiscal policy for stabilization is unnecessary.
• D) the Great Depression could have been avoided if the Federal Reserve had pursued a policy of steady money growth.

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Definitions:

Media in China

is heavily regulated by the government, with strict controls over what can be published, broadcast, and accessed by the public.

Government Controlled

Entities or activities that are regulated, operated, or overseen by government agencies or authorities.

Senior-level Executive

High-ranking officers in a company or organization, responsible for making major decisions and determining overall strategic directions.

Diverse Way

A manner or approach that emphasizes inclusivity and the acknowledgment of different backgrounds, cultures, and perspectives.