Multiple Choice
Which of the following is the most powerful argument for putting restraints on policy makers (as opposed to self-restraint by policy makers themselves) ?
A) time inconsistency
B) uncertainty about Okun's coefficient
C) uncertainty about the natural rate of unemployment
D) uncertainty about the timing of policy impacts
E) disagreements about the proper structure of an econometric model
Correct Answer:
Verified
Correct Answer:
Verified
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