Activists believe that monetary and fiscal policy will only work if it comes as a surprise to the public.

Question

Quizplus · Accepted Answer

Activists typically argue for the use of monetary and fiscal policy to manage economic conditions, but not necessarily that these policies must be a surprise. The effectiveness of these policies is debated among economists, with some theories suggesting predictability and transparency can enhance their effectiveness by managing expectations.

Activists Believe That Monetary and Fiscal Policy Will Only Work