Most economists agree that

Question

Quizplus · Accepted Answer

The majority of economists agree that the primary goal of monetary policy should be maintaining price stability, by keeping inflation under control. This is because inflation can have negative impacts on the economy, such as reducing purchasing power and distorting resource allocation. While some economists debate whether monetary or fiscal policy is more effective in stabilizing the economy, most agree that price stability is a necessary condition for sustainable economic growth. Few economists advocate for discretionary macro-policy, preferring instead for more rule-based approaches to policymaking.

Most Economists Agree That