Which Statement Does NOT Describe the Great Moderation Consensus Among

question 85

Multiple Choice

Which statement does NOT describe the Great Moderation consensus among macroeconomists?

• A) Monetary policy should play the main role in stabilization policy.
• B) The central bank should be independent of politics.
• C) Discretionary fiscal policy should be used sparingly.
• D) Monetary policy is the only way to get out of the liquidity trap.

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Definitions:

Democrats

Members of the Democratic Party, one of the two major political parties in the United States, generally advocating for progressive policies and emphasizing social equality.

Black Southern Christians

African American Christians residing in the Southern United States, often with a rich spiritual tradition influenced by African roots and the experience of slavery and segregation.

Second Great Awakening

A Protestant religious revival during the early 19th century in the United States, emphasizing personal salvation, emotional response, and individual faith.

Christian Blacks

African American individuals who practice Christianity, bringing unique cultural and historical perspectives to their faith and church communities.