?Classical theory advocates _____________ policy and Keynesian theory advocates ______________ policy.
A. ?nonintervention; intervention
B. ?active; nonstabilization
C. ?stabilization; fixed wage
D. ?fixed rule; passive
Answer: A
Economics
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a. is a hypothesis used to test economic theory b. is a statement of fact c. is a statement of what ought to be, not what is d. indicates what will occur if certain assumptions are true e. enables economists to test hypotheses
Economics
A Phillips curve illustrates a tradeoff between the __________________ rate and the inflation rate.
a. unemployment b. tax c. growth d. import
Economics