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Title: If the central bank cannot commit, then Post by: Ao9 on Oct 27, 2015 If the central bank cannot commit, then
A) the inflation rate is higher than with commitment, and aggregate output is lower. B) the central bank can permanently increase the quantity of real output. C) money is neutral in the short run. D) the inflation rate is higher than with commitment, but aggregate output is the same. Title: Re: If the central bank cannot commit, then Post by: Gordis on Oct 28, 2015 Content hidden
Title: Re: If the central bank cannot commit, then Post by: Ao9 on Nov 2, 2015 Solved!!
Title: Re: If the central bank cannot commit, then Post by: Gordis on Nov 2, 2015 Glad to help...
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