Multiple Choice
To deal with the time inconsistency problem associated with monetary policy,some have suggested that
A) the head of the central bank be chosen by election.
B) the central bank implement expansionary monetary policy prior to election years.
C) elected officials should have a direct influence on the implementation of monetary policy.
D) all of the above
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Which of the following is the most
Q13: Given the uncertainty about the effects of
Q14: Democratic administrations generally are relatively more concerned
Q15: Who is best known for arguing about
Q16: Research for a number of OECD countries
Q18: Fine tuning represents which of the following?<br>A)policy
Q19: One surprising insight from viewing policy as
Q20: Arguments for placing restraints on policy makers
Q21: A "conservative" central banker cares<br>A)less about inflation
Q22: What were some of the key features