Active Economic Policy Seeks to Do All of the Following

question 30

Multiple Choice

Active economic policy seeks to do all of the following except:

• A) offset fluctuations in real GDP.
• B) use monetary and fiscal policy to shift aggregate demand.
• C) respond to changing economic conditions.
• D) take a hands-off approach to macroeconomic policy.

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Definitions:

Perception

The process by which individuals interpret and organize sensory information to understand the environment.

Objective

A goal or target that is aimed to be achieved, often specific, measurable, attainable, relevant, and time-bound.

Gender Bias

Prejudice or discrimination against individuals based on their gender, often resulting in unfair treatment or assumptions.

Chairman

The highest officer of an organized group such as a board, a committee, or a deliberative assembly.