Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as a. nonactivists b. fine-tuners. c. activists. d. b and c e. none of the above

Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as a. nonactivists b. fine-tuners. c. activists. d. b and c e. none of the above

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter17: Stabilizing The National Economy

Section: Chapter Questions

Problem 21AA

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Question

Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as

a. nonactivists

b. fine-tuners.

c. activists.

d. b and c

e. none of the above

Definition Definition Policy implemented by the central bank of a country (such as the Federal Reserve in the United States) to achieve certain macroeconomic objectives. Monetary policy is a supply-side macroeconomic policy that supervises the growth rate and money supply in the economy.

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