3. When discussing if policy should be active or passive to stabilize the economy, there is a special category of policies that do not imply any deliberate policy change. Describe this category of policies and give some examples for this.

3. When discussing if policy should be active or passive to stabilize the economy, there is a special category of policies that do not imply any deliberate policy change. Describe this category of policies and give some examples for this.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics

Section: Chapter Questions

Problem 6CQ

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