According to Thomas Sargent and other new classical economists, a. a

According to Thomas Sargent and other new classical economists,

a. a credible policy to provide low stable money growth can exist with a fiscal policy that generates large deficits.
b. a credible policy to provide low stable money growth cannot coexist with a fiscal policy that generates large deficits.
c. there is no need for a credible, noninflationary monetary policy to control the government budgetary deficit.
d. None of the above

ANSWER

B