Which of the Following Views Are Consistent with the Case

question 67

Multiple Choice

Which of the following views are consistent with the case for nondiscretionary macroeconomic policy?

• A)Even with time lags,discretionary policy moves the economy to full employment before the economy's self-correcting mechanism would.
• B)The wage and price adjustment process being extremely slow,a nondiscretionary policy results in a large loss of output.
• C)Workers will come to expect expansionary policies whenever the economy moves below full employment.
• D)A discretionary,accommodating policy of shifting the aggregate demand curve will produce less volatility in both the price level and output due to the short time it takes to shift aggregate demand.

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Definitions:

Sexual Response Pattern

The physiological and psychological processes that occur during sexual activity, including phases of arousal, plateau, orgasm, and resolution.

Sequential Order

The arrangement of objects, events, or ideas in a specific and logical sequence based on their relationship or occurrence in time.

Happiness

Happiness is a state of well-being and contentment characterized by positive emotions ranging from contentment to intense joy.

Optimum Arousal Theory

A psychological concept suggesting that individuals perform best with a certain level of arousal, which varies from one person to another.