Whether one views the discretionary policies of the 1960s and 1970s as destabilizing or believes the economy would have been less stable without these policies,most economists agree that
A)stabilization policies proved more difficult in practice than many economists had expected.
B)stabilization policies proved not to be inflationary.
C)the nondiscretionary policymakers were right in believing that the private economy is inherently stable.
D)the discrectionary policymakers were right in believing that the private economy is inherently stable.

Question

Quizplus · Accepted Answer

While opinions may differ regarding the effectiveness or appropriateness of discretionary policies during the 1960s and 1970s, most economists agree that stabilization policies proved more difficult to implement in practice than many economists had expected. This is evidenced by the difficulty policymakers faced in balancing objectives such as low unemployment and low inflation.

Whether One Views the Discretionary Policies of the 1960s and 1970s