True/False
Many economists argued against using discretionary fiscal policy during the Great Recession because interest rates were very low and fiscal policy is ineffective when interest rates are near zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Proponents of rational expectations believe that:<br>A) changes
Q6: The Great Moderation consensus is the school
Q7: Nearly all economists agree that central banks
Q8: According to the Great Moderation consensus, fiscal
Q9: The theory of rational expectations is consistent
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
Q14: The recommendation to use monetary policy to
Q15: The macroeconomic theory stating that because workers