Which of the Following Statements Do Economists Broadly Consider to Be

question 155

Multiple Choice

Which of the following statements do economists broadly consider to be TRUE?

• A)A monetary rule can increase real GDP.
• B)Discretionary fiscal policy is typically more effective than monetary policy in fighting recessions.
• C)A nation's central bank should be managed by elected officials.
• D)Discretionary monetary and fiscal policy cannot affect the long-run level of unemployment.

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Definitions:

Major Premise

In a categorical syllogism, the premise in which the major term appears.

Syllogism

A form of deductive reasoning that consists of two premises followed by a conclusion, based on the relationship between the premises.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nourish their young.

Minor Term

In logic, specifically in syllogisms, the term that is the subject of the conclusion.