Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 28, 2022

If policymakers announce in advance how policy will respond to various situations but then renege on their announcements, this a problem of: A) policy by

If policymakers announce in advance how policy will respond to various situations but then renege on their announcements, this a problem of:

A) policy by rule.

B) policy by discretion.

C) time inconsistency of policy.

D) monetary policy.

Step by Step Solution

★★★★★

3.45 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The correct answer is C time ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

More Books

Students also viewed these Accounting questions

Question

★★★★★

How is a monetary policy rule helpful for understanding U.S. monetary policy?

Answered: 1 week ago

Question

★★★★★

How is constrained discretion different from discretion in monetary policy? How are the outcomes of these policies likely to differ?

Answered: 1 week ago

Question

★★★★★

This chapter is concerned mostly with how monetary policy might be able to return an economy quickly to the potential growth rate after a shock. But as we saw in Chapter 31's discussion of the...

Answered: 1 week ago

Question

★★★★★

Figure 20.3 describes the Medicare Part D prescription drug benefi t. Look at the Web page www.partd-medicare.com/ in your area and determine the marginal coinsurance rates applicable in each...

Answered: 1 week ago

Question

★★★★★

Yonning, Corp., issued 9,000 shares of no-par common stock for $13 per share. Requirements 1. Record issuance of the stock if the stock a. Is no-par stock and b. Actually has a stated value of $10...

Answered: 1 week ago

Question

★★★★★

The following data show the number of rental cars in service for three rental car companies: Hertz, Avis, and Dollar, over a four-year period. a. Construct a time series graph for the years 1 to 4...

Answered: 1 week ago

Question

★★★★★

What is the financial outlook of the organization?

Answered: 1 week ago

Question

★★★★★

DCF, sensitivity analysis, no income taxes. (CMA, adapted) Landom Corporation is an international manufacturer of fragrances for women. Management at Landom is considering expanding the product line...

Answered: 1 week ago

Question

★★★★★

Assignment What are the similarities,differences,advantages and disadvantages of the following over the other; Data Mining and Warehousing, Machine learning and Deep learning, Artificial Intelligence...

Answered: 1 week ago

Question

★★★★★

The Electret microphone AUM-5047L we will use can be modeled as a Norton current source, with DC current IMIC as shown below. We need to set up its DC operating point correctly, by an appropriate...

Answered: 1 week ago

Question

★★★★★

The following data is provided for Garcon Company and Pepper Company $ Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials)...

Answered: 1 week ago

Question

★★★★★

Report on the engagement activities that have occurred with your group during the term and share your personal/individual plans to continue interactions beyond the course. Produce either a text...

Answered: 1 week ago

Question

★★★★★

A short, cantilevered round peg is 40 mm in diameter and extends 10 mm from the wall. It is loaded, as shown, with a force F = 50 kN applied at the tip in the negative z direction, and a torque T=...

Answered: 1 week ago

Question

★★★★★

11. Todd fractured his wrist while he was Rollerblading. To relieve the pain, his doctor suggested that he take 500 mg of aspirin every 6 h. At this rate, only 26% of the aspirin remains in his body...

Answered: 1 week ago

Question

★★★★★

Solve the following problems using Mohr's circle. Given: P = 10.5 ksi + P Normal stresses: Ox'= Oy= 8 ksi Draw Mohr's circle and use it to determine the normal and shearing stresses after the element...

Answered: 1 week ago

Question

★★★★★

2. (6 points) Calculate the charge of a 4.0 g sample of Zinc (atomic number 30, atomic mass 65.37 g/mole, density 7.133g/cm) from which one electron out of every 101 electrons has been removed

Answered: 1 week ago

Question

★★★★★

Holly and Luke formed a partnership, investing $240,000 and $80,000, respectively. Determine their participation in the year's net income of $380,000 under each of the following independent...

Answered: 1 week ago

Question

★★★★★

On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...

Answered: 1 week ago

Question

★★★★★

Richard and Mary Stout have fallen on hard times, but remain rational consumers. They are making do on $80 a week, spending $40 on food and $40 on all other goods. Food costs $1 per unit. On the...

Answered: 1 week ago

Question

★★★★★

Dudleys utility function is U(C,R) = C (12 R)2, where R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of $20 a day from...

Answered: 1 week ago

Question

★★★★★

Consider the cost function c(y) = 4y2 + 16. (a) The average cost function is ______________. (b) The marginal cost function is ______________. (c) The level of output that yields the minimum average...

Answered: 1 week ago

Question

★★★★★

20. What is one way in which older adults compensate for less efficient brain functioningpg105

Answered: 1 week ago

Question

★★★★★

22. Why is tPA not helpful in cases of hemorrhagepg105

Answered: 1 week ago

Question

★★★★★

29. Suppose someone has suffered a spinal cord injury that interrupts all sensation from the left arm. Now he or she uses only the right arm. Of the following, which is the most promising therapy:...

Answered: 1 week ago

Previous Question Next Question