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Mod 36: The Modern Macroeconomic ConsensusFive Key Questions About Macroeconomic PolicyClassicalMacroeconomistsKeynesianMacroeconomistsMonetarismModernConsensusIsexpansionarymonetaryNoNot VeryYesYes, except inspecialcircumstances
policy helpfulin fightingrecessions?Isexpansionary
fiscal policyhelpful infightingrecessions?Can monetaryand/or fiscal
policy reduceunemployment in the longrun?Should fiscalpolicy beused in adiscretionary
way?ShouldmonetaryNoYesNoStill in Dispute
policy beused in adiscretionaryway?
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Mod 36: Tackle the Test1.Which of the following is an example of an opinion on which economists have reached abroad consensus?i.The natural rate hypothesis holds trueii.Discretionary fiscal policy is usually counterproductiveiii.Monetary policy is effective, especially in a liquidity trap

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Term
Fall
Professor
Mr. Rea
Tags
Macroeconomics, Fiscal Policy, Monetary Policy, Keynesian economics, Fed, The Modern Macroeconomic Consensus
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Exploring Macroeconomics
The document you are viewing contains questions related to this textbook.
Chapter 18 / Exercise 1a
Exploring Macroeconomics
Sexton
Expert Verified

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