Classical Economists Would Cite All of the Following as Reasons

question 77

Multiple Choice

Classical economists would cite all of the following as reasons why the government cannot smooth out the business cycle EXCEPT that

• A)only productivity shocks can cause real fluctuations in the business cycle.
• B)the government has imperfect knowledge of the economy.
• C)political constraints on policy actions prevent the government from carrying out effective policies.
• D)time lags between the onset of a recession and the implementation of effective countermeasures make anti-recessionary macroeconomic policies impractical.

---

Definitions:

WBC Differential

A test that measures the percentage of each type of white blood cell (WBC) present in the blood.

Bacterial Infection

An infection caused by bacteria, organisms that can multiply rapidly and cause various diseases.

Eosinophils

White blood cells that play a crucial role in the body's immune response, especially in allergic reactions and asthma.

Monocytes

A type of white blood cell that plays a vital role in the immune system by removing pathogens and dead or damaged cells from the blood.