The Great Moderation Consensus Is the School of Thought That

question 130

True/False

The Great Moderation consensus is the school of thought that monetary policy should be the main tool of stabilization policy and is sceptical about the use of fiscal policy.

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Definitions:

Conscientious

Characterized by the desire to do one's work or duties well and thoroughly, often associated with a sense of responsibility and diligence.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Intrusive Memories

Unwanted, involuntary memories that are distressing and commonly associated with traumatic events.

World Trade Center

A landmark property and business complex in Lower Manhattan, New York, known for the twin towers destroyed in the September 11, 2001 terrorist attacks.