Economist Smith favors an activist monetary policy. He says that if the economy is going to be stabilized over time, it is necessary to fine-tune the money supply to the particular economic conditions that exist. What would economist Jones, who favors rules-based monetary policy, say to economist Smith?

Because of long lags, activist monetary policy is likely to be destabilizing rather than stabilizing.

Explanation:

answer: e

explanation:

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.