Question

which statement is false? concerns about a political business cycle suggest that fiscal and monetary policy should be fully discretionary. monetarists argued that discretionary monetary policy does more harm than good. the natural rate hypothesis sharply limits what macroeconomic policy can achieve. early keynesians downplayed the effectiveness of monetary as opposed to fiscal policy during downturns.

Answer 1

The false statement is:

Monetarists argued that discretionary monetary policy does more harm than good.