Question
The following statement is true or false (with a short explaining why it's true or why it's false): Monetary policy set with discretion is said
The following statement is true or false (with a short explaining why it's true or why it's false):
"Monetary policy set with discretion is said to feature an inflation bias because commitment to a rule could achieve lower inflation at no cost in terms of higher unemployment"
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
