Which of the Following Is a Point of the Great

question 272

Multiple Choice

Which of the following is a point of the Great Moderation consensus?
I. Monetary policy should be the main stabilization policy.
II. The central bank should be independent of political influence.
III. Discretionary fiscal policy should be used sparingly.

• A)I only
• B)II only
• C)III only
• D)I, II, and III

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Definitions:

Adverse Effect

A negative impact or harm that is caused by an action or event.

Material Effect

An impact significant enough to influence a decision, action, or the outcome of a situation, often used in legal and financial contexts.

Misrepresentation

The act of providing false, misleading, or inaccurate information with the intent to deceive or mislead.

Mistake

In legal terms, an erroneous belief, at contracting, that certain facts are true.