With respect to monetary policy,some economists argue in favor of a rules-based system,while other economists argue in favor of discretion for the Fed.

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This statement is true. Some economists believe that a rules-based system, where the Fed follows pre-determined guidelines for adjusting interest rates and other monetary policy tools, would lead to more predictable and stable economic outcomes. However, others argue that allowing the Fed to have discretion and make decisions based on current economic conditions and forecasts is preferable. Overall, there is ongoing debate among economists about which approach is best for monetary policy.

With Respect to Monetary Policy,some Economists Argue in Favor of a Rules-Based