An important failure of the "new economics" of the 1960s was its ________ monetary policy and its ability if made ________ to offset a tighter fiscal policy.
A)denigration of,tighter
B)denigration of,easier
C)overemphasis on,tighter
D)overemphasis on,easier

Question

Quizplus · Accepted Answer

The "new economics" of the 1960s was criticized for its denigration of monetary policy, meaning it undervalued or dismissed its importance. The correct completion suggests that if monetary policy were made easier, it could offset a tighter fiscal policy.

An Important Failure of the "New Economics" of the 1960s