Two types of inflation can result from an activist stabilization policy to promote high employment: _____ inflation, which occurs because of negative supply shocks or a push by workers to get higher wages, and _____ demand-pull inflation, which results when policymakers pursue policies that shift out the aggregate demand curve.
The case for activist policy is strengthened if
The case for activist policy is strengthened if
The case for activist policy is strengthened if
Which of the following views are consistent with the case for activist macroeconomic policy?
Activists believe in the use of discretionary policy to eliminate excessive unemployment whenever it develops, because
Economists who believe that the government should pursue active discretionary policies to eliminate high unemployment whenever it develops
Which of the following views are consistent with the case for nonactivist macroeconomic policy?
Which of the following views are consistent with the case for nonactivist macroeconomic policy?
Which of the following views are consistent with the case for nonactivist macroeconomic policy?
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