Multiple Choice
Empirical evidence that changes in monetary policy do not cause rapid price adjustments ________.
A) is consistent with the Keynesian emphasis on short-run economic fluctuations
B) suggests that policymakers need not worry much about inflation
C) remains limited and unconvincing
D) is consistent with the classical dichotomy
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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