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Which of the following statements best explains the difference between the Taylor rule and the two other nonactivist rules (the constant-money growth rate rule and
Which of the following statements best explains the difference between the Taylor rule and the two other nonactivist rules (the constant-money growth rate rule and the predetermined-money growth rate rule)?
The Taylor rule does not take into account the current state of the economy.
The Taylor rule is not a derivation of the equation of exchange.
The Taylor rule suggests how much the money supply should grow.
The Taylor rule does not take into account the stability of prices.
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