According to the Great Moderation Consensus: I

question 282

Multiple Choice

According to the Great Moderation consensus: I. monetary policy should be the main stabilization tool.
II) the natural rate of unemployment doesn't actually exist.

• A) I only
• B) II only
• C) I and II
• D) neither I nor II

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Definitions:

Incentive Programs

Plans designed to motivate and encourage specific behaviors or actions, such as purchasing more products or improving employee performance.

Sophisticated

Characterized by refined taste, manners, or intellectual understanding, often through experience or education.

Trade-Oriented Sales Promotions

Sales tools used to support a company’s advertising and personal selling directed to wholesalers, distributors, or retailers. Also called trade promotions.

Advertising

The action of calling public attention to products, services, or events through paid announcements by an identified sponsor.