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:

Gamete Formation

The process by which gametes, or sex cells, are produced, involving meiosis, resulting in cells with half the original number of chromosomes.

Mitosis

A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell.

Sperm

A male reproductive cell or gamete that can fertilize an egg cell.

Eggs

The female reproductive cells in animals and plants; in animals, often enclosed in a protective shell.