It is widely accepted by economists that monetary policy is the most important determinant of a country's

Question

Quizplus · Accepted Answer

Monetary policy, as controlled by central banks, has the most direct impact on the long-run rate of inflation in a country. Other factors, such as productivity and technological progress, play a role in long-run economic growth, and fiscal policy can also have an impact on GDP and potential output. However, when it comes to price stability and inflation control, monetary policy is the most important determinant.

It Is Widely Accepted by Economists That Monetary Policy Is