Multiple Choice
Monetary policy rules are risky because I. the severity and nature of economic fluctuations are unpredictable. II. Fed Chairs have counseled against the use of rules to influence the economy. III. unexpected shocks may occur that require emergency action by the Fed.
A) I only
B) I and III only
C) II and III only
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
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