Which of the Following Statements Is Broadly Agreed Upon by Modern

question 205

Multiple Choice

Which of the following statements is broadly agreed upon by modern macroeconomists?

• A)Monetary and fiscal policy can both be effective at decreasing unemployment in the short run but not in the long run.
• B)Discretionary fiscal policy is typically an effective remedy for a recessionary gap except in special circumstances.
• C)The central bank should set a specific target rate of inflation.
• D)A monetary rule should be set by the central bank.

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Definitions:

Slave Conspiracies

Alleged or actual organized secret plots by enslaved people aiming to rebel or escape from slavery, often met with severe repression.

Religious Practices

The rituals, ceremonies, and behaviors individuals or groups engage in as part of their faith or belief system.

Intermingling

The act of mixing or blending individuals, groups, or elements in a manner that results in a cohesive unity or diversity.

Slave Code

Laws established to determine the status of slaves and the rights of their owners, often including harsh restrictions on slaves' freedoms.