Those who favor passive policy making do so because they conclude ...

[sammy]

Those who favor passive policy making do so because they conclude that
 
  A) price and wage flexibility is a common and speedy occurrence.
  B) there is a stable trade-off between inflation and unemployment in the short run.
  C) price and wage flexibility is an uncommon occurrence.
  D) pure competition is not typical in most markets.

Question 2

Keynes referred to the sharp, often irrational, changes in the outlook of investors as the ________ of investors.
 
  A) primal needs B) crowd psychology C) animal spirits D) chaotic behavior

[Danny Ewald]

Answer to Question 1

A

Answer to Question 2

C

[sammy]

TYSM

[epscape]

Excellent