Consider an economic policy regime in which rules are well-known but frequently ignored.Which of these statements is true?
A) This regime might work in the long-run,but is unlikely to produce good outcomes in the short run.
B) Policymakers in this regime might find that rules are being broken with increasing frequency.
C) This regime is more likely to be supported by nonactivist,than by activist policymakers.
D) This regime is more likely to result in high unemployment than in high inflation.
E) This regime is unlikely to produce large government budget deficits.
Correct Answer:
Verified
Q56: By 2010,the U.S.economy had emerged from the
Q57: When households have very low savings _.
A)investment
Q58: Policies to keep inflation in check _.
A)are,typically,fiscal
Q59: When households increase their personal savings _.
A)investment
Q60: Fiscal policy involves _.
A)taxes and government spending
B)setting
Q62: An advantage of discretionary policy might be
Q63: The Federal Reserve _.
A)is the U.S.central bank
B)controls
Q64: The old adage "rules are made to
Q65: Nonactivists propose doing nothing in the face
Q66: Activist policymakers,compared to nonactivists,are more likely to
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