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

question 65

Multiple Choice

Arguments in favour 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)it is difficult to assess the effects of different policies on the economy.

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Definitions:

Psychological Distress

A condition characterized by emotional suffering and an inability to cope with everyday life, often resulting from stress, trauma, or mental health issues.

Health Inequality

The variation in health status or in the distribution of health determinants between different population groups, often influenced by various socioeconomic factors.

Gender Bias

Prejudice or discrimination against individuals based on their gender, often resulting in unfair treatment.

Medical Research

The process of conducting studies to discover new knowledge that can lead to the development of new treatments, medications, or health interventions.