Since the 1960s, Macroeconomists Have Become More Aware

Multiple Choice

Since the 1960s, macroeconomists have become more aware

A) that increases in government expenditures are more effective than tax reductions as a source of economic stimulus.
B) that  persistent inflation will reduce the unemployment rate.
C) of both the potential and the limitations of fiscal and monetary policy as stabilization tools.
D) of the fact that fiscal policy is more potent than monetary policy.