According to Economists Who Support Passive Policymaking

question 15

Multiple Choice

According to economists who support passive policymaking

• A) there is no difference between the effect of an anticipated change in aggregate demand and the effect of an unanticipated change in aggregate demand of an identical amount.
• B) workers always consider a change in nominal wages to be a change in real wages.
• C) expansionary policies can reduce unemployment without increasing the price level.
• D) policies that attempt to exploit the Phillips curve trade-off will eventually become ineffective for reducing unemployment.

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Definitions:

Cell

The basic structural, functional, and biological unit of all known living organisms, a building block of life.

Disease

A condition that negatively affects the structure or function of part or all of an organism, and is not due to any external injury.

Karyogenesis

The process of nucleus formation in cells, especially during cell division.

Distal

Situated farthest from the point of attachment or origin, as of a limb or bone.