Which statement is TRUE of the state of modern macroeconomics?
A) There is much more consensus than disagreement among economists.
B) Inflation targeting and asset price management are incompatible duties for a central bank.
C) Congress indirectly controls the Fed and monetary policy through its annual budget allocations.
D) The Great Recession heightened the areas of disagreement among macroeconomists over key policy questions.

Question

Quizplus · Accepted Answer

The statement that the Great Recession heightened disagreement among macroeconomists over key policy questions is true. While there may be some areas of consensus, such as the importance of price stability, there is still significant disagreement over issues like the appropriate role of fiscal policy, the effectiveness of monetary policy, and the impact of regulation on economic growth.

Which Statement Is TRUE of the State of Modern Macroeconomics