Which of the Following Statements CORRECTLY Describes the Policy Stance

question 418

Multiple Choice

Which of the following statements CORRECTLY describes the policy stance of a macroeconomist?

• A) A monetarist believes that the quantity of money should be constantly changed in order to offset changes in aggregate demand.
• B) A new classical macroeconomist believes that fiscal and monetary policy are required to maintain full employment.
• C) A Keynesian believes that if taxes are always kept low and the quantity of money is kept on a steady growth path, no policy actions will be needed to maintain full employment.
• D) A classical macroeconomist believes that maintaining consistently low taxes will allow the economy to expand at an appropriate and rapid pace.

Analyze the structure and validity of chain arguments.

Understand the structure and components of a syllogism.

Distinguish between valid and invalid deductive arguments.

Recognize the role of premises in determining the validity of an argument.

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