Multiple Choice
Macroeconomic policy activism:
A) is the use of political activism made popular by liberal economists.
B) mandates a balanced government budget.
C) is the use of monetary and fiscal policy to smooth out the business cycle.
D) was the tool used by classical economists.
Correct Answer:
Verified
Correct Answer:
Verified
Q244: Friedman favored:<br>A) activist monetary policy to stabilize
Q245: If crowding out occurs:<br>A) increases in consumption
Q246: The real business cycle theorists say that
Q247: The Great Moderation consensus about macroeconomic policy
Q248: Which school of thought believes that expansionary
Q250: Classical economists did NOT believe that:<br>A) there
Q251: A hypothesis that individuals base their expectations
Q252: The consensus is that the Great Depression
Q253: Real business cycle theory argues that:<br>A) changes
Q254: The theory of rational expectations states that:<br>A)