Multiple Choice
The Fed should be much more independent of the administration
A) if we wish to minimize the problem of dynamic inconsistency
B) if there is a strong mandate to fight inflation
C) if there is evidence that Congress is unable to make hard choices
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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
Q6: Multiplier uncertainty is defined as uncertainty about<br>A)the
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