The Great Moderation consensus is the school of thought that monetary policy should be the main tool of stabilization policy and is skeptical about the use of fiscal policy.
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Q244: The Great Moderation consensus includes the belief
Q245: The natural rate hypothesis suggests there are
Q246: The Keynesian school of thought is that
Q247: The classical macroeconomists believed that fiscal policy
Q248: Most economists believe that the budget should
Q250: Monetarists argued that fiscal policy was ineffective
Q251: The period of relative calm in the
Q252: Supply-side economics is the belief that tax
Q253: According to the Great Moderation consensus, the
Q254: In the 1970s and first half of
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