Most Economists Agree That

question 116

Multiple Choice

Most economists agree that

• A)fiscal policy is a more effective stabilization tool than monetary policy.
• B)price stability is the proper goal of monetary policy.
• C)monetary policy should focus on reducing unemployment,while fiscal policy should focus on the control of inflation.
• D)discretionary macro-policy can easily be instituted in a manner that will promote economic stability.

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Definitions:

Sons of Liberty

A secret organization of American colonists formed to protest British policies and fight for independence, famous for their role in events like the Boston Tea Party.

British Goods

British goods refer to products manufactured in Britain, which were a significant focus of boycott and consumption patterns, especially in the context of colonial resistance and tariff disputes.

Declarations of Independence

Formal statements proclaiming the autonomy and self-determination of a territory or nation, detaching from the control of another power.

Natural Rights

Rights that are considered inherent and universal to all human beings regardless of legal systems or government recognition, typically including life, liberty, and property.