Which of the following statements is (are)correct?
A)Not all economists believe that time inconsistency problems are important for real world monetary policy.
B)Time inconsistency problems cannot explain higher inflation in the post-war era.
C)Time inconsistency problems exist in contexts other than monetary policy.
D)Both a and c
E)All of the above

Question

Quizplus · Accepted Answer

Option (A) is correct as there are some economists who do not believe that time inconsistency problems are important for real-world monetary policy. 
Option (B) is incorrect as time inconsistency problems are one of the explanations for higher inflation in the post-war era. 
Option (C) is correct as time inconsistency problems can exist in contexts other than monetary policy, such as environmental policy, healthcare policy, etc. 
Thus, options (A) and (C) are correct, making option (D) the best choice.

Which of the Following Statements Is (Are)correct