Mainstream Economists Contend That, as Stabilization Tools

Multiple Choice

Mainstream economists contend that, as stabilization tools,

A) discretionary fiscal policy is effective, but discretionary monetary policy is not.
B) discretionary monetary policy is effective, but discretionary fiscal policy is not.
C) both discretionary fiscal policy and discretionary monetary policy can be effective if appropriately used.
D) discretionary fiscal policy and discretionary monetary policy cause more instability than they cure.