1. Currently, no major central bank closely targets the money supply. Why do you think this is the case? Still, no major central bank completely ignores money growth numbers. Why? 2. Explain the...

1. Currently, no major central bank closely targets the money supply. Why do you think this is the case? Still, no major central bank completely ignores money growth numbers. Why?

2. Explain the central element of the partisan theory of fiscal policymaking. Contrast the implications of the partisan theory concerning the relationship of fiscal policy to the business cycle with those of the public-choice view.