Multiple Choice
An advantage of macroeconomic policy based on pre-specified rules might be that ________.
A) it is easier to stick to long-run considerations and avoid bad long-run outcomes
B) it is more flexible than discretionary policy
C) it is easier to adapt to short-run changes and avoid a bad short-run outcome
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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