Most economists and policymakers decided in 2007–2010 that reducing unemployment was the main national priority.

Monetarists view the use of monetary policy to fine-tune the economy as

A) unnecessary because the private sector is inherently stable. B) always inflationary. C) less predictable than fiscal policy. D) impossible because the Fed does not have the tools to control the money supply.

The election campaign of George Bush to succeed Ronald Reagan as president was

A. hindered due to high levels of unemployment in 1988. B. hindered by the increasing inflationary problems of the late 1980s. C. helped by the budget surpluses generated in the last years of the Reagan administration. D. helped by the continuing low levels of unemployment and inflation in 1988.