Solved

The Recommendation to Use Monetary Policy to Stabilize the Economy

Question 14

Multiple Choice

The recommendation to use monetary policy to stabilize the economy and use fiscal policy only when monetary policy is ineffective is consistent with _____ macroeconomics.


A) classical
B) Keynesian
C) monetarist
D) Great Moderation consensus

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: The theory of rational expectations is consistent

Q10: Many economists argued against using discretionary fiscal

Q11: If a contraction in aggregate demand causes

Q12: Nearly all economists agree that decreases in

Q13: Monetarists believe that:<br>A) full employment is the

Q15: The macroeconomic theory stating that because workers

Q16: Purchases and sales of short-term Treasury bills

Q17: Keynesian economics was mostly concerned with the

Q18: According to the real business cycle theory,

Q19: The natural rate hypothesis suggests there are