Economists who discount the short-run expansionary effects of monetary policy focus on the problems of
A) inflation.
B) government intervention.
C) fiscal policy.
D) unemployment.
E) disinflation.

Question

Quizplus · Accepted Answer

Economists who discount the short-run expansionary effects of monetary policy are primarily concerned with the potential for inflation. They believe that although monetary policy can stimulate economic growth in the short term, it may also lead to higher inflation in the long term.

Economists Who Discount the Short-Run Expansionary Effects of Monetary Policy