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:

Cost-benefit Evaluation

A process used to compare the costs and benefits of a decision, project, or policy to determine its feasibility or worthiness.

Border Enforcement

Measures and actions taken by a country to regulate and monitor its borders to control the movement of people, goods, and animals.

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and expanding economy.

Part-Time Workers

Individuals employed in jobs that have shorter working hours than full-time positions, often offering flexibility.