The Expression, 'Don't Do Something, Just Stand There' Applies to Economists

question 26

Multiple Choice

The expression, 'Don't do something, just stand there' applies to economists who favour a/an _____ approach to monetary policy.

• A) discretionary
• B) interventionist
• C) expansionary
• D) rules-based

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Definitions:

National Labor Relations Act

A 1935 U.S. law that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices.

Closed Shop

An agreement where a company agrees to hire union members only, and employees must remain members of the union at all times.

Inclusive Union

An inclusive union is a labor union strategy that aims to represent a wide range of workers across different industries, skill levels, and demographics for greater collective bargaining power.

American Federation of Teachers

The American Federation of Teachers is a labor union in the United States that represents teachers and other educational staff, advocating for their rights and working conditions.