Multiple Choice
What is the consensus among most economists today with respect to the management of unemployment?
A) Government can't do anything about it.
B) Expansionary policy can be used to achieve permanently low unemployment.
C) Unemployment cannot be kept below the natural rate.
D) Unemployment cannot be kept anywhere near the natural rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q203: Which argument was made in favor of
Q204: A monetarist rule would be to vary
Q205: Monetary and fiscal policy can be used
Q206: The Friedman-Phelps hypothesis claimed that the apparent
Q207: According to a Keynesian economist, a recessionary
Q209: According to the Great Moderation consensus today,
Q210: According to the real business cycle theory,
Q211: Macroeconomic policy activism:<br>A) is the use of
Q212: The period of relative calm in the
Q213: The experience of the Great Depression led