Economist Abba Lerner Compared the Economy to a Car Needing

Multiple Choice

Economist Abba Lerner compared the economy to a car needing

A) an efficiency wage to make the labor markets work like an efficient engine.
B) regular price-level surprises, like oil changes, to make it run smoothly.
C) a "steering wheel" that the government can use to guide it forward.
D) a monetary rule to prevent a "backseat driver" from making it go off course.