Author Question: Why do many economists believe that monetary policy is an effective tool for managing the economy? ... (Read 47 times)

nautica902 · **on:** Jul 9, 2018

Why do many economists believe that monetary policy is an effective tool for managing the economy?

A) Monetary policy can be altered quickly in response to changing economic circumstances.
B) Monetary policy cannot be altered quickly so it provides consistency in economic policy.
C) Monetary policy works in the same way as fiscal policy.
D) When Congress makes decisions affecting the money supply, they have a good idea what their constituents want.
E) The president's decisions affecting the money supply are based on the electorate's understanding of the economy.

Question 2

What do courts try to do when reaching a decision that seems contrary to a prior decision?

A) Find a legal distinction
B) Create a new precedent
C) Rewrite a reversal
D) Schedule a plenary session
E) Create a new statutory interpretation