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Question
Which of the following statements is most true concerning economic policy in the U.S.?A. Monetary policymakers tend to have a long view while fiscal policymakers tend to ignore the long-run inflationary ramifications of their actions.
B. Fiscal policymakers tend to focus on inflation and unemployment while monetary policymakers focus most of their attention on the money supply and the exchange rate.
C. Fiscal policymakers tend to focus more on pleasing their constituents and so are willing to sacrifice the short run for the long run.
D. Monetary policy independence is enshrined in the U.S. Constitution.
Answer
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