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 increases the magnitude of economic fluctuations.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: In the summer of 2008,consumers indicated that
Q8: If firms were faced with greater uncertainty
Q9: Policymakers following a "lean against the wind"
Q10: Which of the following is correct?<br>A)Economic forecasts
Q11: The Fed raised interest rates in 2004
Q13: The effects of a decline in the
Q14: If financial turmoil overseas reduces U.S.net exports,then
Q15: Suppose there is a decrease in short-run
Q16: If the Fed announced its intention to
Q17: The Federal Reserve will tend to tighten