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Change Policy Instruments Quiz

Because policies in the United States were too expansionary from 1965 through 1973,

Economists contend that the United States suffered demand-pull inflation in the 1965–1973 time period because

Economists contend that the United States suffered cost-push inflation in the 1975–1980 time period because

In the period 1965 through the 1970s, policymakers pursued _____ policies in order to achieve _____.

If aggregate output is below the natural rate level, advocates of activist policy would recommend that the government

If aggregate output is below the natural rate level, policymakers have two choices:

The time that it takes for an activist policy to actually influence economic activity is called the

The time it takes for policymakers to change policy instruments once they have decided on a new policy is called the

The time it takes for policymakers to change policy instruments once they have decided on the direction of a new policy is called the

The time it takes for a policy to have an impact on the economy, once it has been implemented, is called the