Explore BrainMass
Share

Explore BrainMass

    Policy activism

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I'm requesting assistance with the below questions in order to prepare for an exam. The course is "Macroeconomics" author: Robert J. Gordon 11th edition text.
    I'd appreciate any assistance with these questions?

    32) According to the Monetarists, â??Policy activismâ? is difficult if not impossible to perform successfully because

    a) the timing and magnitude of the impact of AD disturbances are known, forecasted with precision
    b) the timing of policy impacts on nominal GDP are known
    c) the magnitude, size of impacts are known
    d) Monetarists believe all of the above are correct

    35) Which of the following is NOT an argument of non-activists?

    a) prices are flexible in the long-run
    b) private expenditures tend to be stable
    c) government actions may be destabilizing
    d) monetary policy is impotent relative to fiscal policy

    37) To non-activists, which of the following is the most useful stabilization policy?

    a) countercyclical monetary changes
    b) procyclical monetary and fiscal policy changes
    c) government spending changes
    d) none of these

    © BrainMass Inc. brainmass.com October 10, 2019, 1:01 am ad1c9bdddf
    https://brainmass.com/economics/output-and-costs/policy-activism-317287

    Solution Preview

    32) According to the Monetarists, Policy activism is difficult if not impossible to perform successfully because

    d) Monetarists believe all of the above are correct

    a, b and c are ...

    Solution Summary

    Questions related to monetarism and stabilization policy

    $2.19