In Comparing the Views of Economists on Stabilization Policy in the 1960s

question 61

Multiple Choice

In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy, one can say

• A)few economists in the 1960s favored stabilization policy, while most economists currently favor stabilization policy.
• B)economists' views on stabilization policy have changed very little since the 1960s.
• C)fewer economists currently believe it is possible to use stabilization policy to fine-tune the economy than in the 1960s.
• D)almost no economists in the currently believe stabilization policy should be used.

---

Definitions:

Tailbone

The terminal end of the vertebral column in humans and certain other creatures, formally known as the coccyx.

Coccyx

The small tailbone at the lower end of the vertebral column, comprising three to five fused vertebrae.

Lumbar

Referring to the lower part of the spine or the lower back region.

Thoracic

Pertaining to the chest region or the thorax, which houses the heart and lungs among other organs.