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.

Question

Quizplus · Accepted Answer

A policymaker in favor of stabilizing the economy would believe that recessions are a waste of resources and would aim to reduce the severity of economic downturns through appropriate policies.

A Policymaker in Favor of Stabilizing the Economy Would Be