Multiple Choice
A law that requires the money supply to grow by a fixed percentage each year would eliminate
A) the time inconsistency problem, but not political business cycles.
B) the political business cycle, but not the time inconsistency problem.
C) both the time inconsistency problem and political business cycles.
D) neither the time inconsistency problem nor political business cycles.
Correct Answer:
Verified
Correct Answer:
Verified
Q81: People's skepticism about central bankers' announcements of
Q82: Carefully explain how monetary policy can be
Q83: Economists believe that a little bit of
Q84: When the government has a deficit, a
Q85: Tax laws do not give preferential treatment
Q87: Which of the following two effects of
Q88: Explain the time inconsistency of monetary policy.
Q89: According to a 1977 amendment to the
Q90: Eliminating double-taxation would likely<br>A)raise saving and primarily
Q91: Suppose a 25-year-old worker purchases a $5,000