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.

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Definitions:

Tacit Approval

Implicit consent or agreement without direct acknowledgment or expression.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Pakistan

A South Asian country formed in 1947, known for its diverse cultures, languages, and landscapes, sharing borders with India, Afghanistan, Iran, and China.

Affirmative Action

Policies or practices intended to address past injustices and discrimination by providing opportunities in education and employment to historically disadvantaged groups.