Which of the following believe that discretionary monetary policy and discretionary fiscal policy are effective countercyclical policy actions?
A)real business cycle theorists
B)activists
C)new classical economists
D)rational expectations theorists

Question

Quizplus · Accepted Answer

Activists believe in the use of discretionary monetary and fiscal policies as effective countercyclical measures to stabilize the economy. Real business cycle theorists, new classical economists, and rational expectations theorists argue for the limited role of government intervention in the economy.

Which of the Following Believe That Discretionary Monetary Policy and Discretionary