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:

Limiting the Scope

The process of defining clear boundaries for a project or investigation to focus on specific objectives and manage resources effectively.

Defining

The act of explaining the meaning of a word, phrase, or concept, often to clarify its understanding.

Choosing Your Approach

Involves selecting the most effective strategy to achieve a specific goal or solve a particular problem, considering various factors like the audience, objectives, and context.

Twebinar

A webinar held over Twitter, where participants engage through tweets, often focusing on a specific topic or theme.