According to the Great Moderation consensus: I. monetary policy should be the main stabilization tool.
II) the natural rate of unemployment doesn't actually exist.
A) I only
B) II only
C) I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

According to the Great Moderation consensus, monetary policy should be the main tool for stabilizing the economy. However, there is no consensus on the existence of a natural rate of unemployment.

According to the Great Moderation Consensus: I