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Question 1 Under optimal monetary policy, the central bank adjusts its policy based on anticipated rather than current inflation and output gaps because: 1 point

Question 1

Under optimal monetary policy, the central bank adjusts its policy based on anticipated rather than current inflation and output gaps because:

1 point

It takes time for the central bank to implement its policy decisions.

Monetary policy has a long outside lag.

Forecast errors are often rather large.

It wants to avoid time-inconsistency problems.

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