The Recommendation to Use Monetary Policy to Stabilize the Economy

question 14

Multiple Choice

The recommendation to use monetary policy to stabilize the economy and use fiscal policy only when monetary policy is ineffective is consistent with _____ macroeconomics.

• A) classical
• B) Keynesian
• C) monetarist
• D) Great Moderation consensus

---

Definitions:

Administrative Skills

Abilities related to managing operations, carrying out organizational policies, and ensuring the smooth functioning of businesses.

Katz's Model

A framework proposing three foundational skills necessary for effective management: technical, human, and conceptual skills.

Company's Goals

The objectives that a company aims to achieve, which can range from financial success to market dominance or innovation.

Hands-on

Involving active participation or physically engaging in tasks rather than observing or theorizing.