In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy, one can say

A) few economists in the 1960s favored stabilization policy, while most economists currently favor stabilization policy.
B) economists' views on stabilization policy have changed very little since the 1960s.
C) fewer economists currently believe it is possible to use stabilization policy to fine-tune the economy than in the 1960s.
D) almost no economists in the currently believe stabilization policy should be used.


C

Economics

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Economics

If an economy is operating at a point inside the production possibilities curve,

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Economics

If resource A and resource B are substitutes of each other and the price of resource A increases, then:

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Economics

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A. People experienced a decrease in the cost of living because the CPI is less than 100. B. It was lower than in the base year. C. People experienced an increase in the cost of living because the CPI isn't over 100. D. There must have been a recession because the CPI is less than 100.

Economics