Suppose that welfare gains derived from eliminating output (and unemployment) fluctuations in theeconomy can be measured. Assuming these gains arerelatively small for the average individual, how doyou think this measurement would affect the activist/nonactivist debate?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 3SCQ: Imagine that the government reworks the welfare policy that was affecting Jonathan in question 1, so...
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Suppose that welfare gains derived from eliminating output (and unemployment) fluctuations in the
economy can be measured. Assuming these gains are
relatively small for the average individual, how do
you think this measurement would affect the activist/
nonactivist debate?

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