Multiple Choice
Which of the following believe that discretionary monetary policy and discretionary fiscal policy are effective countercyclical policy actions?
A) rule advocates
B) activists
C) new classical economists
D) rational expectations theorists
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Lower than expected inflation rate:<br>A)shifts short-run Phillips
Q16: If people have adaptive expectations, the Phillips
Q34: If expectations are rational, can monetary and
Q49: The short-run Phillips curve is downward sloping
Q68: For the short-run Phillips curve to remain
Q85: Rational expectation theory implies that accurately anticipated
Q88: Throughout history many governments have financed government
Q109: Critics of rational expectation theory believe:<br>A)most people
Q133: Why is indexing not commonly adopted in
Q140: The novelty of Phillips' article was his