Which Statement Is FALSE

question 154

Multiple Choice

Which statement is FALSE?

• A) Early Keynesianism downplayed the effectiveness of monetary as opposed to fiscal policy.
• B) Monetarism argued that discretionary monetary policy does more harm than good.
• C) The natural rate hypothesis places sharp limits on what macroeconomic policy can achieve.
• D) Concerns about a political business cycle suggest that the central bank should not be independent and argue for a strong discretionary fiscal and monetary policy.

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Definitions:

Crystallized Intelligence

Refers to the accumulation of knowledge, skills, and experiences that one can draw upon to solve problems.

Cribs

Beds with high sides for infants or young children, designed to ensure the child's safety while sleeping.

Preventable

Capable of being stopped or avoided through proactive measures or interventions.

Treatable

Treatable refers to a condition or disease that can be managed or cured through medical intervention or other therapeutic methods.