Policymakers Who Favour a Passive Approach to Policy Often Argue

question 127

Multiple Choice

Policymakers who favour a passive approach to policy often argue that the passive approach is more effective than an active approach because changes in prices and wages will shift the short-run aggregate supply curve (SRAS) .Why is the passive approach able to shift the SRAS?  

• A) because a passive policy will act faster than an active policy aimed at shifting the aggregate demand curve 
• B) because a passive policy will be effective only after an active policy shifts the aggregate demand curve 
• C) because a passive policy will shift the SRAS curve more than an active policy aimed at shifting the aggregate demand curve 
• D) because a passive policy will shift the SRAS curve less than an active policy aimed at shifting the aggregate demand curve

Learn the principles of ISO 9000 standards and their relevance to quality management.

Comprehend the importance of focusing on business processes to meet customer needs effectively.

Recognize how incentive compensation can be tied to performance measures, including those in a balanced scorecard.

Understand the concept of manufacturing cycle efficiency (MCE) and its calculation.

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Definitions:

Emancipatory Sexuality

The exploration and expression of sexual identity and desires in a way that seeks to overcome societal restrictions and inequalities.

Jablin's Stages

Refers to Fredric Jablin's model of organizational assimilation, which outlines the processes individuals undergo as they integrate into and exit from organizations.

Standpoint

A perspective or point of view that arises from one's social position or lived experiences.

Socialization

The process by which individuals learn and internalize the values, beliefs, norms, and social skills necessary to participate within their society or group.