In the early 2000s, policy makers were able to:
A)run contractionary policy without causing deflation.
B)run expansionary policy without causing inflation.
C)run contractionary policy without causing a rise in unemployment.
D)impose tariffs on foreign goods without causing retaliation by foreign countries.

Question

Quizplus · Accepted Answer

Running expansionary policy without causing inflation was a notable feature of the early 2000s, largely due to globalization and technological advancements that kept prices stable despite increased money supply and spending.

In the Early 2000s, Policy Makers Were Able To