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:

Evaluation

The process of assessing or judging the value, importance, or effectiveness of something.

Summative Evaluation

The assessment of the outcome or impact of an intervention after it has been implemented.

Quantitative Data

Numerical information that can be measured and quantified, allowing for statistical analysis and mathematical calculations.

Impact Evaluation

The assessment of the changes that can be attributed to a particular intervention, such as a project, program, or policy.