The use of money and credit controls to change the macroeconomy is
A)Monetary policy.
B)Considered ineffective by most economists.
C)No longer used in the United States.

Question

Quizplus · Accepted Answer

The use of money and credit controls to change the macroeconomy is known as monetary policy. It is a commonly used tool by central banks around the world to achieve macroeconomic goals, such as controlling inflation, stabilizing economic growth, and minimizing unemployment. While its effectiveness may vary depending on the specific circumstances, it is generally considered a significant tool in managing the economy.

The Use of Money and Credit Controls to Change the Macroeconomy