If a Group of Economists Believes the Following Points Are

question 202

Multiple Choice

If a group of economists believes the following points are TRUE, which is likely to be their policymaking stance? ∙ Aggregate demand shocks have no long run effect on real Gross Domestic Product (GDP) or unemployment.
∙ Pure competition is widespread throughout the economy.
∙ Real wages are flexible.
∙ The Phillips Curve trade-off does not exist in the long run.

• A) They will support active policymaking.
• B) They will support passive policymaking.
• C) They will support discretionary policymaking.
• D) They will argue that any attempt at economic policymaking is futile.

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Definitions:

Risk For Falls

A situation where an individual has an increased likelihood of experiencing a fall, which may lead to injury, often due to physical condition or environmental factors.

Self-Neglect

A behavior of an individual that fails to attend to their basic personal needs, such as hygiene, nutrition, or medical care.

Social Isolation

The state of being separated from social and community networks, leading to lack of support, companionship, or engagement with others.

Vision

The ability to see; the faculty of sight, which can also refer to foresight or an imagined plan or ambition.