Some economists believe that policymakers should avoid stabilization policy because
A. lags make the policy impact unpredictable.
B. no tax cut ever stimulated demand.
C. stabilization policies are rarely signed into law.
D. it never works.
Answer: A
Economics
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Economics is primarily concerned with the study of: a. problems such as poverty and unemployment
b. limited desires pursuing unlimited resources. c. production and distribution of goods in a world of unlimited resources. d. production and distribution of goods in a world of limited resources.
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When the consumption of one good does not preclude another person from consuming the same good, then there is __________ in the consumption of the good
a. nonrivalry b. rivalry c. exclusivity d. nonexclusivity e. merit
Economics