Economics · Macroeconomic Theories
Which of the following core propositions is associated with Modern Monetary Theory (MMT)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Government debt is inherently detrimental to long-term economic stability
- 2The gold standard must be restored to maintain monetary credibility
- 3Central Banks should operate completely isolated from fiscal authorities
- 4Countries with fiat currencies can issue money to pay debts without involuntary default✓
Correct answer
Countries with fiat currencies can issue money to pay debts without involuntary default
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