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Basic Question 1 of 4
If the economy is in a recession, ______
B. fiscal policy will be more effective than monetary policy.
C. it's not clear which policy will be more effective.
A. monetary policy will be more effective than fiscal policy.
B. fiscal policy will be more effective than monetary policy.
C. it's not clear which policy will be more effective.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the interaction of monetary and fiscal policy
CFA® 2026 Level I Curriculum, Volume 1, Module 4.