In the event of a recession,which of the following is the most likely policy stance of those who advocate a passive approach to economic policy?
A)cut taxes
B)increase government spending
C)reduce interest rates
D)increase the money supply
E)do nothing

Question

Quizplus · Accepted Answer

Those who advocate a passive approach to economic policy would likely choose to do nothing in the event of a recession, as they believe that the economy will naturally rebound on its own without government intervention. They may believe that any government intervention could do more harm than good in the long run.

In the Event of a Recession,which of the Following Is