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A Clear-Cut "Rules Versus Discretion" Debate Is No Longer Possible

Question 73

Multiple Choice

A clear-cut "rules versus discretion" debate is no longer possible because those economists advocating rules for ________,such as ________,must leave the Fed with plenty of discretionary power.


A) policy instruments,the money supply
B) policy instruments,the inflation rate
C) target variables,the money supply
D) target variables,the inflation rate

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