Critics of Macroeconomic Stabilization Policies Argue That

question 37

Multiple Choice

Critics of macroeconomic stabilization policies argue that

• A)economists are unable to influence policy.
• B)stabilization policies often do more harm than good.
• C)stabilization theory has no practical effect.
• D)policy makers need practical advice, not theory.

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Definitions:

Salary Allowance

A specific amount of money allocated regularly to employees in addition to their regular salary, often for specific purposes such as travel or housing.