Question: Which statement regarding monetary and fiscal policy is true? Monetary policy is subject to the legislative process, so it can be difficult to implement. Many

Which statement regarding monetary and fiscal policy is true?

  • Monetary policy is subject to the legislative process, so it can be difficult to implement.
  • Many economists think monetary AND fiscal policy help to reduce severity of business cycles.
  • Low rates of inflation at the same time as high unemployment is known as stagflation.
  • Monetary policy is how the central government authority influences the economy.

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