Analysis of Macro Policy and Theory Has Resulted in Which

question 36

Multiple Choice

Analysis of macro policy and theory has resulted in which of the following views?

• A) There should be some self- restraint by policy makers in the use of fiscal or monetary policy.
• B) Economists know more these days to allow for more active policy fine tuning.
• C) A constitutional amendment is the only hope for constraining fiscal policy.
• D) Popular elections for the head of the central bank is the most effective way to constrain monetary policy.
• E) The head of the central bank should be appointed by the prime minister.

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Definitions:

Necessaries

Essential items or services required for an individual's basic needs and well-being, often related to contracts with minors.

Parent or Guardian Supplies

Items or provisions supplied by a parent or guardian for the care, support, or benefit of their ward or child.

Unconscionability

A doctrine in contract law that describes terms that are so extremely unjust or overwhelmingly one-sided in favor of the party who has superior bargaining power.

Equitable Remedy

A remedy provided by courts in cases where monetary damages are insufficient to resolve a legal dispute, involving actions like specific performance or injunction.