In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy, one can say
A) few economists in the 1960s favored stabilization policy, while most economists currently favor stabilization policy.
B) economists' views on stabilization policy have changed very little since the 1960s.
C) fewer economists currently believe it is possible to use stabilization policy to fine-tune the economy than in the 1960s.
D) almost no economists in the currently believe stabilization policy should be used.
C
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A lowering of the required reserve ratio might not expand the money supply if:
a. tax rates are also lowered at the same time. b. tax rates are increased at the same time. c. borrowers are unwilling to borrow the new funds the banks have available for loans. d. borrowers are willing to borrow the new funds the banks have available for loans.. e. borrowers expand their borrowing because of the lower interest rates that banks offer.
Which industry would be best characterized as monopolistically competitive?
A. business cloud-computing services B. smart-phone manufacturing C. web design consulting D. Internet-search sites