How Do Critics of Discretionary Stabilization Policy View Frequent Changes

question 45

Multiple Choice

How do critics of discretionary stabilization policy view frequent changes in spending and tax policy?

• A)The changes make the economy smoother, although it may not look that way to individual firms.
• B)The changes make life more difficult and hectic for Congress and the Fed.
• C)The changes smooth out the business cycle, making planning easier.
• D)The changes cause more instability in the economy and make planning more difficult.

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Definitions:

Essential Ingredients

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Professional Commitment

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Hall's Model

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