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Author Question: Those who favor passive policy making do so because they conclude that A) price and wage ... (Read 38 times)

sammy

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on: Jun 30, 2018
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


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Danny Ewald

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


sammy

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Reply 2 on: Jun 30, 2018
Gracias!

daiying98

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Reply 3 on: Yesterday
Excellent

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