To Favor a Passive Approach to Policy Is to Believe

question 162

Multiple Choice

To favor a passive approach to policy is to believe that the private sector is

• A)relatively stable and both wages and prices adjust quickly to eliminate excess supply or excess demand for labor
• B)basically unstable,although both wages and prices adjust quickly to eliminate excess supply or excess demand for labor
• C)relatively stable,although both wages and prices tend to be very sticky downward
• D)basically unstable and both wages and prices tend to be very sticky downward
• E)so stable that wages and prices rarely change

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Definitions:

Jeep Tours

Guided tours offered using jeep vehicles, often in rugged terrains or places of scenic beauty.

Guests

Guests refer to individuals who receive hospitality or services, such as visitors in a hotel, invited persons to an event, or customers in a restaurant.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and planning.

Customers Served

The number of customers who have received services or goods from a business.