A Central Tenet of the Position Against Policy Activism Is

question 34

Multiple Choice

A central tenet of the position against policy activism is that

• A)consumption spending is highly unstable.
• B)consumption spending is highly stable.
• C)aggregate policies have little effect on consumption.
• D)instability in private consumption will always be offset by variations in other elements of private spending.

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Definitions:

Chief Justice

The head judge of the Supreme Court in a country, holding the highest judicial position in the judicial branch of government.

John Marshall

The fourth Chief Justice of the United States (1801-1835), whose court opinions helped lay the basis for American constitutional law and made the Supreme Court a coequal branch of government.

National Intelligencer

A newspaper published in Washington D.C. from 1800 to 1870, which became an influential publication in American politics during the early 19th century.