Multiple Choice
Multiplier uncertainty is defined as uncertainty about
A) the structure of the economy
B) the length of the outside lag
C) the magnitude of the effects that will result from a particular policy action
D) the accuracy of the indicators that predict the immediate impact of a policy action
E) both A) and C)
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The Fed should be much more independent
Q2: Even the most successful economic forecasters make
Q3: Multiplier uncertainty is a major handicap for
Q4: Economists are more likely to be in
Q5: A big advantage of automatic stabilizers is
Q7: The macroeconomic forecast of the Congressional Budget
Q8: A central bank that is independent of
Q9: Generally speaking, automatic fiscal stabilizers<br>A)raise the level
Q10: Most economists believe that<br>A)the expectations of firms
Q11: If policy makers were convinced that the