Problem
1. Summarize the main points of disagreement in the debate between activists and nonactivists.
2. Why do activists believe the economy's selfcorrecting mechanism is slow?
3. Describe the five time lags involved in implementing stabilization policy.
4. How does the Taylor rule relate to the monetary policy curve?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.