Given the Uncertainty About the Effects of Macro Policy,economists Generally

question 13

Multiple Choice

Given the uncertainty about the effects of macro policy,economists generally propose that

• A)macro policies should be more active, the lower the level of unemployment or inflation.
• B)changes in money growth should only be used for fine tuning the economy, not for correcting large imbalances (such as high inflation).
• C)money growth should be set at zero by constitutional amendment.
• D)elected officials should have more input in the determination of monetary policy.
• E) none of the above

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Definitions:

Constitutional Right

Rights afforded to individuals by the constitution that are protected from governmental interference.

Franklin V. Gwinnett

Franklin v. Gwinnett County Public Schools was a United States Supreme Court case that affirmed the right of plaintiffs to recover damages under Title IX of the Education Amendments of 1972 for intentional sex discrimination.

Title IX

A federal civil rights law in the United States that prohibits sex-based discrimination in any school or other education program that receives federal money.

Monetary Damages

Compensation that a court orders one party to pay another, usually in the form of money, for causing financial loss through unlawful action.