Nonactivists Believe That ________

question 69

Multiple Choice

Nonactivists believe that ________.

• A)there is a very rapid self-correcting mechanism since prices and wages are very flexible
• B)lags to policy implementation are so long that even the "correct" policies may lead to undesirable consequences
• C)policy interventions should take place less frequently than what Keynesians advocate
• D)all of the above
• E)none of the above

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Definitions:

Independent

Characterized by freedom from outside control or influence; self-governing.

Marginally Profitable

Referring to a business or product that generates minimal profits, just above the break-even point but not significant in scale.

Average Accounting Return

A method of evaluating an investment's profitability by dividing the average net income by the average book value.

Project's Assets

Resources owned by a project that have economic value and can contribute to the project's financial success.