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When the central banks chooses a policy at one date, which leads people to make decisions based on that policy, which then causes the central
When the central banks chooses a policy at one date, which leads people to make decisions based on that policy, which then causes the central bank to choose a different policy at a later date, then there is said to be Select one: a. irrational expectations. b. time inconsistency. c. Ricardian equivalence. d. an expectations trap
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