Author Question: Relative to fiscal policy, monetary policy a. has fewer harmful side effects. b. requires much ... (Read 65 times)

WWatsford · **on:** Jun 30, 2018

Relative to fiscal policy, monetary policy

a. has fewer harmful side effects.
b. requires much more time to implement.
c. is more closely controlled by Congress.
d. is much more independent of the political process.

Question 2

A recession is a period when

a. output growth is negative for two consecutive quarters
b. actual output falls below potential output and the rate of unemployment falls below the high- employment benchmark.
c. unemployment reaches 10 percent for an extended period of time.
d. actual output falls below potential output and the rate of unemployment rises above the high-employment benchmark..