Nonactivists propose doing nothing in the face of economic hardship because ________.
A) activist policies can kick in at the wrong time and be counterproductive
B) markets can take quite a bit of time to self-correct
C) while households feel the hardship,firms typically benefit
D) all of the above
E) none of the above
Correct Answer:
Verified
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A)engages in stabilization policy
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Q72: Nonactivists propose doing nothing in the face
Q73: Policies to reduce the likelihood of financial
Q75: Financial crises are typically _.
A)characterized by sharp
Q76: Activists believe _.
A)the self-correcting mechanism in the
Q77: The long-standing debate over rules versus discretion
Q78: Opponents of rule-determined policies might point out
Q79: The U.S.central bank _.
A)usually raises taxes to
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