Multiple Choice
The effects of the negative supply shocks of 1973,1979 and 2007 were different due to the ________.
A) role played by rational expectations in the 1979 event
B) different sources of the supply shocks
C) credibility of the monetary authorities
D) different individuals who led the Federal Reserve System
Correct Answer:

Verified
Correct Answer:
Verified
Q60: What might an "anti-inflation hawk" do so
Q61: Constrained discretion _.<br>A)eliminates all discretion in policymaking<br>B)imposes
Q62: The expected benefits of central bank independence
Q63: According to monetarists,such as Milton Friedman _.<br>A)the
Q64: How does central bank independence cause lower
Q66: How is inflation targeting consistent with the
Q67: The strength of the movement in the
Q68: _ rational expectations,_.<br>A)Most people have always formed;but
Q69: Rational expectations are more accurate than adaptive
Q70: If the public believes the commitment to