Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.
The answers to the drop-down menus in completing each statement are:
<h3>What are
electromagnets?</h3>
An electromagnet is known to be a kind of magnet that has a magnetic field that is also known to be formed by an electric current.
Note that Electromagnets usually made up of wire wound found in a coil and the answers above can be used to fill up the statement.
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Generally speaking, economic policy must strike a balance between ideals and "pragmatism", since it is not always possible for a country or a state to make realistic economic goals that are beneficial to most of the population.
Electricity is delivered to consumers through a complex network. Electricity is generated at power plants and moves through a complex system, sometimes called the grid, of electricity substations, transformers, and power lines that connect electricity producers and consumers.
Those are goods ( the answer is c!)
Goods are all the objects that people would want to buy and possess or use. For example, cars and books are goods.
Goods are one of two basic commodities, the other one is the intangible commodity, which is called services.
