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:

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Rehearsal

A cognitive process of actively reviewing or practicing information to enhance memory and recall.

Sensory Memory

The shortest-term element of memory, where sensory information is stored for a very brief period.

Capacity

The maximum amount that something can contain or the ability to perform, understand, or absorb something.