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

question 29

Multiple Choice

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

• A) failing to use monetary and fiscal policy leads to inefficient fluctuations in output and employment.
• B) the Great Depression could have been avoided if the Federal Reserve had pursued a policy of steady money growth.
• C) fluctuations in real GDP have been less severe following World War II than prior to World War I.
• D) failure of policymakers to respond to large contractionary shocks to private spending caused the Great Depression.

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Definitions:

Social Constructionist

Pertaining to the theory that societal institutions and knowledge are created by and maintained through social interactions and structures.

Sexual Behavior

Actions or practices related to the expression of sexuality and sexual attraction towards others.

Sexual Identity

An individual's understanding and personal sense of their own sexuality, which includes their sexual orientation, preferences, and behaviors.

Adolescent Sexuality

The experiences, exploration, and development of sexual feelings and relationships during adolescence.