Mainstream Economists Contend That, as Stabilization Tools

question 183

Multiple Choice

Mainstream economists contend that, as stabilization tools,

• A)discretionary fiscal policy is effective, but discretionary monetary policy is not.
• B)discretionary monetary policy is effective, but discretionary fiscal policy is not.
• C)both discretionary fiscal policy and discretionary monetary policy can be effective if appropriately used.
• D)discretionary fiscal policy and discretionary monetary policy cause more instability than they cure.

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Definitions:

Progressive

A political philosophy advocating for social reform, economic equality, and the advancement of science and technology to improve societal conditions.

Wisconsin

A U.S. state located in the north-central, Midwest, and Great Lakes regions, known for its dairy production and natural resources.

Triangle Waist Company

A clothing manufacturer in New York City whose factory burned down in 1911, leading to significant reforms in labor laws.

Consequences

Outcomes or effects that result from a previous action or decision, either positive or negative in nature.