Arguments in Favour of Passive Economic Policy Include All of the Following

question 64

Multiple Choice

Arguments in favour of passive economic policy include all of the following except:

• A) monetary and fiscal policies work with long and variable lags,which can produce destabilizing results.
• B) economic forecasts have too large a margin of error to be useful in formulating stabilization policy.
• C) recessions do not reduce economic well-being,so using monetary and fiscal policy for stabilization is unnecessary.
• D) the Great Depression could have been avoided if the Federal Reserve in the U.S.had pursued a policy of steady money growth.

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Definitions:

Harassment

Harassment involves unwanted and offensive behavior or actions, which often lead to discomfort or harm for the target individual or group.

Harm Model

A conceptual framework used to determine the morality or ethics of actions based on the amount and type of harm they cause.

Aggression

Behavior intended to harm or intimidate others, either verbally, physically, or psychologically.

Destruction

The process of causing so much damage to something that it no longer exists or cannot be repaired.