An Effective Policy of Governmental Intervention in the Economy Requires

question 153

Multiple Choice

An effective policy of governmental intervention in the economy requires all of the following except one.Which is the exception?

• A)the will to reject sound policy if it gets in the way of political considerations
• B)the ability to estimate the economy's potential level of output
• C)the ability to predict what would happen without intervention
• D)an assortment of effective tools of discretionary policy
• E)the ability to achieve effective cooperation between fiscal and monetary policy makers

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Definitions:

Maternalist Reformers

Social reformers who, in the late 19th and early 20th centuries, aimed to improve the living conditions of women and children, emphasizing motherhood's societal importance.

Economic Independence

The condition of having enough financial resources to support oneself without relying on external aid or support.

Good Marriages

Traditionally, marriages that are considered socially beneficial or desirable, often based on factors like economic stability, social standing, and compatibility.

Progressive Reformer

An individual or advocate involved in a movement aiming to address and reform issues of social injustice, corruption, and inefficiency in society.