Which One of the Following Accurately States the View of Activists

question 13

Multiple Choice

Which one of the following accurately states the view of activists who favor discretionary stabilization policy?

• A) Neither monetary nor fiscal policy will exert an impact on the real level of economic activity.
• B) Since we have only limited ability to forecast the future direction of the economy, the best policy is to do nothing.
• C) Our ability to forecast the future direction of economic activity is quite good, and therefore, discretionary macroeconomic policy is now capable of eliminating fluctuations in the business cycle if policy makers would follow the advice of leading economists.
• D) The index of leading indicators and other forecasting tools provide policy makers with valuable information that permits them to institute stabilizing changes in macroeconomic policy.

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Definitions:

Genetic Comparison

The analysis and comparison of genetic sequences between individuals or species to study evolutionary relationships and genetic diversity.

Qualitative Differences

Variations that relate to the quality or kind of attributes, rather than quantity, often used in research to describe distinct characteristics or experiences.

Quantitative Differences

Differences that can be measured and expressed numerically, indicating a variation in quantity or magnitude between entities or groups.

Polygenetic Inheritance

A form of inheritance where traits are governed by more than one gene, leading to a continuous range of possible phenotypes.