Explain Why Each of the Following Statements Is a Rationale

question 2

Essay

Explain why each of the following statements is a rationale for conducting active or passive policy:
a. Economic circumstances can change dramatically between the time that an economic downturn begins and the time when policy actions have an effect on the economy.
b. Economists are not very accurate forecasters.
c. Increases in government spending generate increases in economic output. d. Fluctuations in economic output have been less severe since World War II.

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Definitions:

Enzyme

An enzyme is a protein that acts as a catalyst to accelerate a specific biochemical reaction without being consumed in the process.

Model

No clear definition without context, but generally refers to a representation or simulation of a process, system, or object.

Deoxyribose

A five-carbon sugar molecule that is a component of DNA, lacking an oxygen atom compared to ribose.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in growth, development, functioning, and reproduction.