Macroeconomic Policy Activism

question 249

Multiple Choice

Macroeconomic policy activism:

• A) is the use of political activism made popular by liberal economists.
• B) mandates a balanced government budget.
• C) is the use of monetary and fiscal policy to smooth out the business cycle.
• D) was the tool used by classical economists.

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Definitions:

Long-Term

Pertaining to or involving an extended period, especially with reference to retention of information or memory.

Prospective

Relating to or effective in the future, often used in studies that follow subjects forward in time.

Magical Number

The Magical Number, often referred to as "seven plus or minus two," is a theory suggesting the limit of an individual's ability to process, hold, and recall information in short-term memory.

George Sperling

A psychologist known for his research on the capacity of visual memory and the temporal duration of visual sensory memory.