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In your own words, explain the issue of time inconsistency in monetary policy. Use an analogy if appropriate. (5 Points) How does rule-based monetary policy

In your own words, explain the issue of time inconsistency in monetary policy. Use an analogy if appropriate. (5 Points) How does rule-based monetary policy help to overcome the time inconsistency problem? What is one potential issue with rule-based monetary policy? (5 Points)

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