The main difference between stabilization policies and structural reform policies is that stabilization policies
A) focus on microeconomic issues and structural reform policies focus on the macroeconomic environment.
B) focus on macroeconomic issues and structural reform policies focus on the microeconomic environment.
C) are rarely used by reform governments; they prefer to use structural reform policies in their place.
D) create less unemployment than structural reform policies.
B
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The price of milk increases. Which of the following is NOT part of the likely chain of events that follows from this price change?
A) Some milk consumers reduce their consumption of milk. B) Milk producers increase their production of milk. C) The producers of feed for dairy cows increase production. D) The manufacturers of milking machines lay off some workers.
What is the real cost of putting an unemployed laborer to work raking leaves or digging holes and refilling them during a severe recession? Explain
Please provide the best answer for the statement.