Multiple Choice
The one main difficulty with a nominal GDP target rule for monetary policy is that it
A) is a difficult target to hit.
B) provides no nominal anchor.
C) requires a painful extinguishing response to an adverse supply shock.
D) performs badly when there is unstable velocity.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is likely to
Q2: Non-activists<br>A)distrust the ability of the political process
Q3: According to the new classical macroeconomists,each of
Q5: In the Activists' Paradise,to increase real GDP
Q6: In Taylor Rule equation,high value of parameter
Q7: The economy has been compared to a
Q8: Gordon's plots of the effectiveness lags of
Q9: Compared to the 1960s,the effectiveness lag is
Q10: During which of the following years did
Q11: Admission to the Euro required in 1997