Which of the following support the idea that monetary policy should be made by a rule?
A) the political business cycle and the time-inconsistency problem
B) the political business cycle but not the time-inconsistency problem
C) the time-inconsistency problem,but not the political business cycle
D) neither the political business cycle nor the time-inconsistency problem
Correct Answer:
Verified
Q2: A 1977 amendment to the Federal Reserve
Q3: A 1977 amendment to the Federal Reserve
Q4: The time inconsistency of policy implies that
A)what
Q5: According to the political business cycle theory,if
Q6: The time inconsistency of monetary policy means
Q7: A 1977 amendment to the Federal Reserve
Q10: The political business cycle refers to
A)the fact
Q11: If there is a political business cycle
Q125: The Federal Open Market Committee
A)by law must
Q132: According to the political business cycle theory,
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