What are the proper monetary and fiscal responses to a recession under the activist view and the nonactivist view?
The activist view holds that the government should respond with expansionary monetary and fiscal policy. Nonactivists support continuation of prior, stable policies, with no additional response to the recession.
Economics
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If a society chooses fiat money as its money form, it
a. must guarantee its convertibility into gold b. must worry about its liquidity c. cannot make use of a banking system d. must worry about controlling its quantity e. must worry about controlling its demand
Economics
One study found that unemployment is the economic term mentioned most often in U.S. newspapers
a. True b. False Indicate whether the statement is true or false
Economics