The Great Moderation Consensus Among Macroeconomists Is That Fiscal Policy

question 56

Multiple Choice

The Great Moderation consensus among macroeconomists is that fiscal policy should be used sparingly because:

• A) monetary policy is always more effective.
• B) it always requires higher taxes.
• C) lags in adjusting to fiscal policy can make it counterproductive.
• D) of the risk of government waste.

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