According to mainstream economists, the Fed's adherence to a traditional monetary rule rather than to discretionary monetary policy is likely to
A) reduce the severity of business cycles.
B) increase the amount of instability in the economy.
C) increase the rate of inﬂation.
D) crowd out much-needed investment spending during times of rapid inﬂation.

Question

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The Answer of According to mainstream economists, the Fed's adherence to a traditional monetary rule rather than to discretionary monetary policy is likely to
A) reduce the severity of business cycles.
B) increase the amount of instability in the economy.
C) increase the rate of inﬂation.
D) crowd out much-needed investment spending during times of rapid inﬂation.

According to Mainstream Economists, the Fed's Adherence to a Traditional