Multiple Choice
According to the Great Moderation consensus today, an unemployment rate of 6% when the natural rate is 4.5% should be countered by:
A) decreases in government spending.
B) increases in tax rates.
C) increases in the rate of growth of the money supply.
D) decreases in the rate of growth of the money supply.
Correct Answer:
Verified
Correct Answer:
Verified
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