A major weakness of monetary policy as a way to affect the economy is that ______.
A) it requires unpopular spending and taxing decisions
B) it is subject to pressure from business and labor interests
C) it is hard to control because small changes can have large effects
D) it tends to lead to runaway deficits
E) there is no evidence that it works
Correct Answer:
Verified
Q1: For much of the history of the
Q2: Fiscal policy refers to _.
A) the government's
Q4: _ caused politicians to turn to monetary
Q5: The heart of Keynesianism is that the
Q6: The basic principles that regulate the economic
Q7: Inflation is problematic because it _.
A) forces
Q8: The cost of borrowing money calculated as
Q9: John Maynard Keynes was an advocate of
Q10: Which of the following statements is NOT
Q11: The total market value of all goods
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