Quiz Information for Chapter 23

Quiz Information for Chapter 23 - Quiz Information for...

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Quiz Information for Chapter 23 Before you take Quiz for Chapter 23 go through all the topics mentioned below: 1. Suppose that the economy is suffering from pessimism on the part of consumers and firms. Which of the following is an activist stabilization policy that "leans against the wind"? (Hint: See the fourth paragraph on the Page 526). Boost government spending, cut taxes, and expand the money supply 2. Economists who argue that policymakers should not try to stabilize the economy make all of the following arguments except: (Hint: Read everything given below CON: POLICYMAKERS SHOULD A long lag time for implementation, economic forecasting is not precise, often politicians can just make it worse. 3.Fluctuations in the economy caused by policymakers manipulation of the economy for the purpose of affecting electoral outcomes is known as the: (Hint: Third sentence of first paragraph on the Page 529). Political business cycle 4. The discrepancy between policy announcements and policy actions is known as the: (Hint: Ninth Sentence of second paragraph on the Page 529). Time inconsistency of policy
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Quiz Information for Chapter 23 - Quiz Information for...

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