Multiple Choice
The political business cycle does NOT imply that:
A) central banks should be independent of politics.
B) discretionary fiscal policy should be avoided.
C) politicians pumping up the economy in an election year make the economy less stable.
D) monetary policy is ineffective if inflation is high.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Unlike the majority of countries in the
Q63: The General Theory of Employment, Interest, and
Q64: If the unemployment rate rose, a classical
Q65: Nearly all economists agree that increases in
Q66: _ was a _ economist who believed
Q68: Policy makers before the Great Depression were:<br>A)
Q69: To close an inflationary gap, the Great
Q70: A policy implication of monetarism is that:<br>A)
Q71: The classical macroeconomists believed that fiscal policy
Q72: Classical macroeconomists believed that government could reduce