According to Thomas Sargent and other new classical economists,
a. a credible policy to provide low stable money growth can exist with a fiscal policy that generates large deficits.
b. a credible policy to provide low stable money growth cannot coexist with a fiscal policy that generates large deficits.
c. there is no need for a credible, noninflationary monetary policy to control the government budgetary deficit.
d. None of the above
Question 2
Policymakers utilize gross domestic product figures
a. to monitor recessions and expansions.
b. as a means to measure welfare.
c. to observe long-run growth trends.
d. Both a and c
e. All of the above
Engraving of a spotted hyena from Thomas Pennant's History of Quadrupeds, one of the first auth
In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Please provide me with a solution for part b.
Julia Margaret Cameron, Portrait of Thomas Carlyle.
Thomas Hobbes, John Locke, John Rawls
Key foreign policy agencies