The "Policy Ineffectiveness Proposition" of the New Classical Attack on Policy

question 52

Multiple Choice

The "policy ineffectiveness proposition" of the new classical attack on policy activism is based on the idea that

• A)people will anticipate policy changes particularly those based on a feedback rule.
• B)people will anticipate the effects of policy changes and act to offset these effects.
• C)Both A and B are correct.
• D)None of the above is correct.

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Definitions:

Dam

A structure built across a river or stream to hold back water for purposes such as storage, flood defense, or electricity generation.

Sediment

Particles of rock, mineral, or organic materials that accumulate in layers on the Earth's surface, often transported by water, wind, or ice.

Base Level

The lowest point to which a stream or river can erode its channel, often sea level for rivers.

Reservoir

A large natural or artificial lake used for the storage and regulation of water, often for public water supply, hydroelectric power generation, or flood control.