A policymaker opposed to using government policy to stabilize the economy would be likely to believe

A) policymakers should "do no harm."
B) there are no obstacles to the practical application of policy in real life.
C) policy lags are short enough that implementing policy changes in response to recession is not too risky.
D) policy mitigates the magnitude of economic fluctuations.

Question

ifeoluwa adebogun · Accepted Answer

Final Answer : A, Explanation :  Policymakers who oppose using government policy to stabilize the economy often adhere to the principle of do no harm, suggesting that government intervention can sometimes exacerbate economic problems rather than solve them. They may believe in the self-correcting nature of markets and caution against potential unintended consequences of policy actions.

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