Multiple Choice
Time inconsistency means
A) taking different decisions at different times despite facing the same situation.
B) making policy choices that violate the intertemporal budget constraint.
C) deciding to do something tomorrow, and then doing something different tomorrow.
D) adding a random factor to decisions.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The original work on the application of
Q3: The fact that private sector economic agents
Q4: The rational expectations hypothesis means that<br>A) economic
Q5: The idea that economic agents do not
Q6: A Phillips curve is<br>A) the correlation between
Q7: In the Friedman-Lucas money surprise model,a surprise
Q8: In the Friedman-Lucas money surprise model<br>A) productivity
Q9: A predominant view among Federal Reserve officials
Q10: The Phillips curve shifts because<br>A) private behavior
Q11: The Phillips curve shifts because<br>A) fiscal policy