Multiple Choice
A policymaker in favor of stabilizing the economy would be likely to believe
A) recessions are a waste of resources.
B) economies must suffer through the booms and busts of the business cycle.
C) the long policy lags make implementing policy changes in response to recession too risky.
D) policy exacerbates the magnitude of economic fluctuations.
Correct Answer:
Verified
Correct Answer:
Verified
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