A growing consensus among economists is that ________ policy is better suited for controlling GDP because of the promptness of ________ in making policy decisions.

Question

Quizplus · Accepted Answer

Monetary policy is controlled by the Federal Reserve, which has the ability to quickly and decisively make policy decisions in response to changes in the economy. In contrast, fiscal policy is controlled by Congress, which is often slower to act due to political factors and the legislative process. Therefore, monetary policy is better suited for controlling GDP.

A Growing Consensus Among Economists Is That ________ Policy Is