A policymaker against stabilizing the economy would be likely to believe
a. policymakers should "do no harm".
b. there are no obstacles to the practical application of policy in real life.
c. policy lags are short enough that implementing policy changes in response to recession is not too risky.
d. policy mitigates the magnitude of economic fluctuations.
a
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The Jones family sells peaches at market price. Which of the following explains why they do this?
a. many buyers and many sellers in their market b. few buyers and few sellers in their market c. few buyers and many sellers in their market d. many buyers and few sellers in their market
The political business cycle involves the ________
A) expenditure of substantial funds by industry lobbyists to manipulate government regulation B) movement of individuals from government employment to positions within the industry they had previously participated in regulating C) use of expansionary fiscal policy just prior to elections D) election of government officials who are supportive of the government sector