Given the Uncertainty About the Effects of Macro Policy, Economists

question 28

Multiple Choice

Given the uncertainty about the effects of macro policy, economists generally propose that:

• A) macro policies should be more active, the lower the level of unemployment or inflation.
• B) money growth should be set at zero by constitutional amendment.
• C) changes in money growth should only be used for fine tuning the economy, not for correcting large imbalances (such as high inflation).
• D) policymakers should stop well short of fine tuning.
• E) elected officials should have more input in the determination of monetary policy.

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