Question 8 According to Barro and Gordon's model of rules versus discretion, the rate of inflation may ex- ceed the Bank of England's target because
Question 8 According to Barro and Gordon's model of rules versus discretion, the rate of inflation may ex- ceed the Bank of England's target because of A) [ ] large government deficits. B) [ ] a low concern for unemployment by the Bank. C) [ ] limited foresight at the Bank. D) [ ] All of the above. E)[ ] B and C. F) [ ] None of the above. [4 marks]
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