According to the Real-Business-Cycle Perspective

question 142

Multiple Choice

According to the real-business-cycle perspective

• A) the economy cannot be stabilized by active policy actions.
• B) the Phillips curve is very important.
• C) active policy making is important.
• D) passive policy making is important.

---

Definitions:

Clean-up Cost Liability

The legal responsibility for the expenses associated with the removal and remediation of environmental pollution.

Bubble Concept

A business or economic idea that suggests a potentially unrealistically high valuation of an asset or business sector, which may lead to a burst or sudden decline.

Emissions

The release of pollutants or greenhouse gases into the atmosphere from various sources like industrial activities, vehicles, and natural events.

Superfund Clean-up Costs

Expenses associated with the cleanup of contaminated sites under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), often referred to as "Superfund."