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If the central bank did not follow the Taylor principle A) inflation would spiral out of control B) it could rely on autonomous monetary policy
If the central bank did not follow the Taylor principle A) inflation would spiral out of control B) it could rely on autonomous monetary policy changes C) it could rely on non-conventional monetary policy tools 1D) both B and C
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Macroeconomics
Authors: Paul Krugman, Robin Wells
4th Edition
1464110379, 9781464110375
