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Ao9 Ao9
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9 years ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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9 years ago
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Ao9 Author
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#2
9 years ago
Solved!!
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#3
9 years ago
Glad to help...
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