Active policy making refers to
A) actions taken by policy makers in response to or in anticipation of some change in the overall economy.
B) policy making that is carried out in response to a rule.
C) relying on policies that act as automatic stabilizers.
D) nondiscretionary policy making.
Answer: A) actions taken by policy makers in response to or in anticipation of some change in the overall economy.
You might also like to view...
Under a marginal cost pricing rule, a natural monopoly
A) makes a reasonable profit. B) makes an economic profit. C) earns accounting profits, but breaks even in economic terms. D) incurs an economic loss. E) makes a normal profit, but it cannot be determined whether or not it makes an accounting profit.
A usury rate is like a price ceiling
a. True b. False Indicate whether the statement is true or false
Which of the following groups has the lowest median income in the United States?
A. Married couples with both spouses working B. Female-headed families with no husband present C. Male-headed families with no wife present D. Married couple families with the wife not working
One of President Obama's first fiscal policy initiatives was a. ARRA. b. TARP
c. QE1. d. QE2.