Advocates of Discretionary Policy Make Which of the Following Criticisms

question 118

Multiple Choice

Advocates of discretionary policy make which of the following criticisms of the economy's "self-correcting" mechanism?

• A)It is slow.
• B)It is not very reliable.
• C)It works only when supplemented by automatic stabilizers.
• D)All of these responses are correct.
• E)Options a and b only are correct.

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Definitions:

Environmental Threats

Potentially harmful changes or dangers to the natural environment, including pollution, climate change, deforestation, and biodiversity loss.

Technological Accidents

are unplanned and unwanted events caused by the failure or misuse of technical systems, equipment, or infrastructure, leading to harm, damage, or unintended consequences.

Steam Engine

is a heat engine that performs mechanical work using steam as its working fluid, playing a pivotal role in the Industrial Revolution by powering factories, locomotives, and ships.

Major Forces

Fundamental or powerful factors that influence or shape the course of events in society, the economy, or the natural world.