Which statement correctly describes the approach of monetary "doves" and "hawks" during times of economic instability?
A) Doves favor greater central bank action and hawks favor less central bank action.
B) Doves favor less central bank action and hawks favor more central bank action.
C) Doves are more concerned about unemployment than inflation, while hawks are more concerned about inflation than unemployment.
D) Doves are more classical in perspective and hawks are more Keynesian in perspective.

Question

Quizplus · Accepted Answer

Doves prioritize reducing unemployment and are less concerned about inflation, while hawks prioritize controlling inflation and are less concerned about unemployment.

Which Statement Correctly Describes the Approach of Monetary "Doves" and "Hawks