
M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351
M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351 Exercise 12
On average, would inflation over the last 45 years have been higher or lower if the Fed had followed the Taylor rule? In what periods would monetary policy have been tighter? When would it have been easier?
Explanation
It is difficult to infer about the over...
M & B 4th Edition by Dean Croushore
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