Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists would prescribe which of the following policies? 

A. nonintervention
B. active monetary policy
C. contractionary
D. expansionary

Answer: A

Economics

You might also like to view...

Which of the following are examples of nonrenewable resources?

a. forests and aquifers b. fisheries c. oil and minerals d. toxic chemicals

Economics

In 2007 ROA for banks in the United States stood at a little under __________ percent

A) one B) five C) eight D) twenty

Economics