In the 1970s and first half of the 1980s, the U.S. economy had high inflation and high unemployment.
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Q252: Supply-side economics is the belief that tax
Q253: According to the Great Moderation consensus, the
Q254: In the 1970s and first half of
Q255: Some economists believe that fluctuations in the
Q256: According to the natural rate hypothesis, attempts
Q258: Most economists favor discretionary monetary policy because
Q259: Economists who agree with the Great Moderation
Q260: The Great Moderation consensus is that expansionary
Q261: The Great Moderation consensus is that the
Q262: When interest rates are very high, the
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