Which Statement Is a Point of the Great Moderation Consensus

question 156

Multiple Choice

Which statement 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:

Sample Mean

The average of a set of numerical values taken from a sample, intended to estimate the population mean.

Confidence Interval

A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.

Population Parameter

A value that accurately represents a particular characteristic of an entire population.

Confidence Level

The probability that a confidence interval will capture an unknown population parameter in repeated samples.