The Great Moderation Consensus Is the School of Thought That

question 6

True/False

The Great Moderation consensus is the school of thought that monetary policy should be the main tool of stabilization policy and is skeptical about the use of fiscal policy.

---

Definitions:

Refractory Threshold

The refractory threshold is the period following an action potential during which a neuron is incapable of firing another action potential or the threshold is significantly increased.

Difference Threshold

The smallest detectable difference between two stimuli that a person can sense at least half the time.

Just Noticeable Difference

The smallest difference in stimulation that can be reliably detected by an organism.

Absolute Threshold

The minimum intensity of a stimulus that is required for it to be detected by the senses at least 50% of the time.