General agreement among economists finds that they believe monetary policy is more effective when it is formed:

Question

Quizplus · Accepted Answer

Economists generally agree that monetary policy is most effective when it is formed independently of political pressure. This allows for objective decision-making based on economic data and the best interests of the economy, rather than political considerations. It also helps to maintain the credibility and consistency of the central bank, which is important for managing expectations and influencing market behavior.

General Agreement Among Economists Finds That They Believe Monetary Policy