Match each statement with the School of Thought that best fits. The focus of macroeconomic policy [ [ Choose ] should be to increase incentives for households and businesses to work, save, and invest. The economy is inherently unstable [ and policymakers should use stimulus [ Choose ] to avoid serious economic downturns. Policymakers should follow rules [ [ Choose ] designed to promote long-term economic stability. Economic booms are created when [ banks expand credit and interest rates [ Choose ] are artificially lowered, causing overinvestment. Fiscal policy is an ineffective tool in [ the long run because budget deficits [ Choose ] lead to reduced exports and increased imports. > > >

Match each statement with the School of Thought that best fits. The focus of macroeconomic policy [ [ Choose ] should be to increase incentives for households and businesses to work, save, and invest. The economy is inherently unstable [ and policymakers should use stimulus [ Choose ] to avoid serious economic downturns. Policymakers should follow rules [ [ Choose ] designed to promote long-term economic stability. Economic booms are created when [ banks expand credit and interest rates [ Choose ] are artificially lowered, causing overinvestment. Fiscal policy is an ineffective tool in [ the long run because budget deficits [ Choose ] lead to reduced exports and increased imports. > > >

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

see second image for matching options.

Match definition in first image with word in second image.

Match each statement with the School of Thought that best fits.
The focus of macroeconomic policy
[ Choose ]
should be to increase incentives for
households and businesses to work,
save, and invest.
The economy is inherently unstable
and policymakers should use stimulus
[ Choose ]
to avoid serious economic downturns.
Policymakers should follow rules
[ Choose ]
designed to promote long-term
economic stability.
Economic booms are created when
[ Choose ]
banks expand credit and interest rates
are artificially lowered, causing
overinvestment.
Fiscal policy is an ineffective tool
[ Choose ]
the long run because budget deficits
lead to reduced exports and increased
imports.
>
>
>

v [ Choose ]
Neoclassical
Austrian
Keynesian
Supply-Side
Monetarist

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