In periods of relatively high levels of unemployment, a classical economist would advocate which of the following governmental policies to move the economy toward full employment?
A. Wage and price controls
B. None or a laissez-faire policy
C. Fiscal policy
D. Monetary policy
B. None or a laissez-faire policy
You might also like to view...
The "underground economy" is also referred to as
A) the informal sector. B) the halfway economy. C) the net domestic product economy. D) the formal sector.
A monetary policy strategy that uses a fixed exchange rate regime that ties the value of a currency to the currency of a large, low inflation country is called ________ targeting
A) exchange-rate B) currency C) monetary D) inflation
Information and opportunity costs affected patterns of emigration to the U.S
Indicate whether the statement is true or false
All of the following are ways that the government can correct for positive externalities EXCEPT
A. producing the good itself. B. by assessing an effluent fee. C. by regulation. D. by subsidizing the consumption of the good.