Opponents of active stabilization policy
a. generally don't believe, even in theory, that fiscal policy can stabilize the economy.
b. generally agree that fiscal policy has no impact in the long run.
c. believe some effects of monetary policy may be long-lived.
d. think the Fed should simply try to fine tune the economy.
c
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What is needed to create a supply schedule for a fruit smoothie shop?
(A) A supply curve and the price other shops are charging. (B) The number of other shops producing smoothies. (C) The price charged and the number of smoothies supplied. (D) All of the above.
The ways in which the global financial and economic crisis of the 2000s resembles the crises in developing countries in the 1980s and 1990s include all of the following EXCEPT
A. Contagion made the crisis worse B. Borrowers relied on short-term funding C. Fixed exchange rates encouraged financial activity exposed to exchange-rate risk D. Overlending and overborrowing played a key role