Opponents of Active Stabilization Policy

question 41

Multiple Choice

Opponents of active stabilization policy

• A)generally don't believe,even in theory,that fiscal policy can stabilize the economy.
• B)generally agree that fiscal policy has no impact in the long run.
• C)believe some effects of monetary policy may be long-lived.
• D)think the Fed should simply try to fine tune the economy.

---

Definitions:

War Powers Act

A federal law intended to check the U.S. president's power to commit the country to armed conflict without the consent of Congress, enacted in 1973.

Congressional Approval

The formal consent given by the United States Congress to enact legislation, ratify treaties, or confirm appointments.

Saddam Hussein

Former President of Iraq from 1979 to 2003, known for his brutal regime and for leading Iraq through the Iran-Iraq War and Gulf War.

Hurricane Katrina

Hurricane Katrina was a devastating Category 5 storm that struck the Gulf Coast of the United States in August 2005, leading to significant loss of life, widespread flooding, and extensive property damage, particularly in New Orleans.