Multiple Choice
Multiplier uncertainty is a major handicap for policy makers since it means that they don't always know
A) the potential impact of a policy measure on the economy
B) whether a disturbance is temporary or permanent
C) from which sector of the economy a disturbance arises
D) how long it will take to formulate and implement a policy change
E) how long it will take for a policy to affect the economy
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The Fed should be much more independent
Q2: Even the most successful economic forecasters make
Q4: Economists are more likely to be in
Q5: A big advantage of automatic stabilizers is
Q6: Multiplier uncertainty is defined as uncertainty about<br>A)the
Q7: The macroeconomic forecast of the Congressional Budget
Q8: A central bank that is independent of
Q9: Generally speaking, automatic fiscal stabilizers<br>A)raise the level
Q10: Most economists believe that<br>A)the expectations of firms
Q11: If policy makers were convinced that the