Those who favor a passive approach to policy often argue that ...

[robinn137]

Those who favor a passive approach to policy often argue that changes in prices and wages will shift the:
 a. short-run aggregate supply curve before active policy shifts the aggregate demand curve.
 b. short-run aggregate supply curve only after active policy shifts the aggregate demand curve.
  c. short-run aggregate supply curve more than active policy shifts the aggregate demand curve.
  d. short-run aggregate supply curve less than active policy shifts the aggregate demand curve.
 e. short-run aggregate supply curve in a direction opposite the shift in the aggregate demand curve

Question 2

The _____ lag is typically longer for fiscal policy than monetary policy.
 a. supply
 b. cyclical
 c. effectiveness
 d. implementation
  e. recognition

[carojassy25]

Answer to Question 1

a

Answer to Question 2

d

[robinn137]

Excellent

[covalentbond]

Thanks for the timely response, appreciate it