Which of the Following Best Describes the Policy Ineffectiveness Proposition

question 142

Multiple Choice

Which of the following best describes the policy ineffectiveness proposition?

• A) monetary policy cannot change real GDP in a regular or predictable way
• B) policymakers can be effective in changing real GDP only if people's expectations are correct
• C) monetary policy can change real GDP only if the Fed pursues a consistent, stable growth rate of the real money supply
• D) fiscal policy is totally ineffective in changing real GDP in both the short run and the long run

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