2. Which of the following is a frequent argument made by advocates for setting monetary policy by...

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2. Which of the following is a frequent argument made by advocates for setting monetary policy by rule rather than discretion?

a. central bankers with discretion are tempted to renege on their announced commitments to low inflation

b. central bankers following a rule will be more responsive to the needs of the political process

c. fiscal policy is a much better tool for economic stabilization than is monetary policy

d. it is sometimes useful to give the economy a burst of surprise inflation

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 08:00 AM

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2. Which of the following is a frequent argument made by advocates for setting monetary policy by...

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Principles Of Macroeconomics

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