Keynesian economists argue that the automatic adjustment of wages and prices in the macro economy is quite rapid

Hyperinflation in the US is caused mostly by

a. excessive money supply growth b. Contractionary monetary policy c. a "weak" or depreciated dollar d. US trade barriers, such as tariffs and import quotas

The believer in policy ________ must be pessimistic about the ability of the private economy to self-stabilize and ________ about the accuracy of economic forecasting

A) activism, pessimistic B) activism, optimistic C) rules, pessimistic D) rules, optimistic