Analysis of macro policy and theory has resulted in which of the following views?
A) There should be some self- restraint by policy makers in the use of fiscal or monetary policy.
B) Economists know more these days to allow for more active policy fine tuning.
C) A constitutional amendment is the only hope for constraining fiscal policy.
D) Popular elections for the head of the central bank is the most effective way to constrain monetary policy.
E) The head of the central bank should be appointed by the prime minister.

Question

Quizplus · Accepted Answer

Analysis of macro policy and theory has shown that there should be some self-restraint by policy makers in the use of fiscal or monetary policy. This is because excessive use of these policies can lead to inflation or instability in the economy. Therefore, policy makers should exercise caution and consider the long-term consequences of their actions.

Analysis of Macro Policy and Theory Has Resulted in Which