If Macroeconomic Policy Has Been Successful Over Time, It Is

question 102

Multiple Choice

If macroeconomic policy has been successful over time, it is likely that the economy has not seen:

• A)any inflation.
• B)any severe recessions.
• C)any unemployment.
• D)a business cycle.

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Definitions:

Government Activity

Actions taken by government entities to regulate, manage, or influence a country's economic, social, and political life.

Productive

The capability of producing goods and services efficiently and effectively.

Voters

Individuals who are eligible and participate in the process of electing leaders or deciding on public policy issues.

Government Activity

Actions or operations carried out by the government in order to provide public goods and services, regulate the economy, and support societal welfare.