According to the new classical macroeconomists, each of the following statements is true EXCEPT
A) disinflation will be harder to bring about because of the time-inconsistency problem.
B) policymakers are tempted to deviate from the preannounced policy once the public changes its expectations.
C) feedback rules are preferred to discretionary rules.
D) disinflation will be painless if the restrictive policies announced by the government are credible.

Question

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The Answer of According to the new classical macroeconomists, each of the following statements is true EXCEPT
A) disinflation will be harder to bring about because of the time-inconsistency problem.
B) policymakers are tempted to deviate from the preannounced policy once the public changes its expectations.
C) feedback rules are preferred to discretionary rules.
D) disinflation will be painless if the restrictive policies announced by the government are credible.

According to the New Classical Macroeconomists, Each of the Following