When it comes to active policy making most economists agree that
A) active policy making should be used over passive policy making.
B) it is unlikely that active policy making will have any long term effects on the economy.
C) it is likely that active policy making will have long term effects on the economy.
D) it will lead to long term shocks in the system.
B
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Which of the following is likely to cause a decrease in the wage rate and an increase in the employment level of a country?
A) A left shift in the demand curve for labor, without any change in the supply curve for labor B) A left shift in the supply curve for labor, without any change in the demand curve for labor C) A right shift in the supply curve for labor, without any change in the demand curve for labor D) A right shift in the demand curve for labor, without any change in the supply curve for labor
In the short run, the following could cause a recessionary gap
What will be an ideal response?