to change the real interest rate? Keynesians would argue that discretionary monetary policy in its capacity to change the real interest rate and bring about appropriate changes in aggregate expenditure (and for that matter private construction investment expenditure)
A) is more effective during a deep recession/depression rather than during boom conditions.
B) is less effective during a deep recession/depression rather than during boom conditions.
C) is equally effective during a deep recession/depression as it is during boom conditions.
D) is more effective than appropriate discretionary fiscal policy during a deep recession/depression.
A) is more effective during a deep recession/depression rather than during boom conditions.
B) is less effective during a deep recession/depression rather than during boom conditions.
C) is equally effective during a deep recession/depression as it is during boom conditions.
D) is more effective than appropriate discretionary fiscal policy during a deep recession/depression.