Practice question · Select all that apply
Which policy shifts characterised the post-stagflation era?
Hints
- The shift moved authority toward monetary policy and away from controls.
- The metal standard was not among the changes.
Show the answer
- B. Deregulation and privatisation
- C. Shift from fiscal to monetary policy as the primary tool
- D. Independent central banks focused on price stability
Why
Central bank independence, deregulation, and monetary primacy, the 1980s consensus. Gold was not restored.
Practise Oil Shocks and Stagflation
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