Multiple Choice
The argument that econometric policy evaluation is likely to be misleading if policymakers assume stable economic relationships is known as
A) the monetarist revolution.
B) the Lucas critique.
C) public choice theory.
D) new Keynesian theory.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Approaches to establishing central bank credibility include<br>A)continued
Q5: The Lucas critique is an attack on
Q6: Arguments for adopting a policy rule include<br>A)discretion
Q7: Approaches to establishing central bank credibility include<br>A)inflation
Q8: Arguments for adopting a policy rule include<br>A)the
Q10: The interest rate thought to have the
Q11: Ending the "Great Inflation" era in the
Q12: The rational expectations hypothesis implies that when
Q13: Potential weaknesses of nominal GDP targeting include<br>A)it
Q14: Suppose that there is a negative aggregate