The recent use of discretionary fiscal policy was facilitated by
A) the elimination of the balanced budget amendment.
B) the ineffectiveness of monetary policy.
C) changing beliefs among economists about the lags of monetary policy.
D) the use of automatic policy rules.
E) the prediction of high rates of unemployment that could otherwise occur in the future if government did nothing.
Correct Answer:
Verified
Q105: Policy rules tend to have the economy
Q106: Exhibit 26-1 Q107: A policy rule Q108: Automatic fiscal policy is an example of Q109: Which of the following Nobel laureate economists Q111: Critics of discretionary fiscal policy emphasize
A)is another term for discretionary
A)the unreliability
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