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Activist Policy View Quiz

Keynesians usually view _____ policy as having a shorter effectiveness lag than _____ policy, but there is substantial uncertainty about how long this lag is.

Keynesians usually view _____ policy as having a longer effectiveness lag than _____ policy, but there is substantial uncertainty about how long this lag is.

Economists usually view _____ policy as having a shorter implementation lag than _____ policy, but there is substantial uncertainty about how long this lag is.

Economists usually view _____ policy as having a longer implementation lag than _____ policy, but there is substantial uncertainty about how long this lag is.

Economists from which of the following schools of thought are most likely to favor activist government policies?

The view that the wage and price adjustment process is extremely slow and that failing to implement an expansionary monetary policy to move the economy to full employment results in a significant loss of output is most likely to be held by

The view that the wage and price adjustment process is extremely slow and that failing to implement an expansionary monetary policy to move the economy to full employment results in a significant loss of output is most likely to be held by

Which of the following statements describe activists’ policy views?

Which of the following statements describe activists’ policy views?

If output adjusts _____ to the natural rate level, and if time lags between policy actions and changes in aggregate output are relatively _____, then the case for activist policy is strengthened.

Tagged as: activist policy view, activist policy view, substantial uncertainty, activist policy view, activist policy view, substantial uncertainty, policy
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