to curtail and control the increase in prices from year to year. However, due to the recent years of relatively lower inflation rates, it is now not only possible, but strongly advisable to try and maintain a stable price level and thus a stable rate of inflation, which would produce substantial beneficial effects on an economy.
             One of the main arguments opposing monetary activism is the time it takes once a policy is implemented before it actually takes effect on the economy. For example, in a period of high unemployment, a government may decide to undertake an expansionary monetary policy to reduce unemployment, however, by the time the policy has become effective, employment has returned to normal through self-correcting mechanisms, and the policy is no
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