A Laissez-Faire Macroeconomic Policy,based on a __________ in Self-Regulating Properties

question 58

Multiple Choice

A laissez-faire macroeconomic policy,based on a __________ in self-regulating properties of the economy,implies __________ by the government.

• A) belief; active policymaking
• B) belief; noninterference
• C) disbelief; active policymaking
• D) disbelief; noninterference

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Definitions:

Normal Probability Distribution

A standard normal distribution, often used in statistics to represent real-valued random variables of unknown distributions.

Standard Deviation

A criteria used to determine the amount of spread or variation among a group of data values.

Negative Value

A number that is less than zero.

Standard Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean, typically represented with a mean of 0 and a standard deviation of 1.