Which of the following is a point of the Great Moderation consensus?
I. Monetary policy should be the main stabilization policy.
II. The central bank should be independent of political influence.
III. Discretionary fiscal policy should be used sparingly.
A)I only
B)II only
C)III only
D)I, II, and III

Question

Quizplus · Accepted Answer

The Great Moderation consensus included all three points mentioned - the use of monetary policy, the importance of central bank independence, and the sparing use of discretionary fiscal policy.

Which of the Following Is a Point of the Great