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★ѕραndavir ★ѕραndavir
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6 years ago
The Canadian experience with inflation and unemployment in the early 1990s has this to say about policy rules:
A) A central bank independent of political pressure may thereby not be serving the public's politically-revealed preferences.
B) A central bank bowing to political pressure cannot get the inflation rate below the unemployment rate.
C) A constant-growth-rate-of-money rule cannot stabilize inflation if unemployment is allowed to vary substantially.
D) A constant-growth-rate-of-high-powered-money rule allows too much variation in the growth of the actual money supply to hold down inflation.
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Macroeconomics

Macroeconomics


Edition: 12th
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supersuinegsupersuineg
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6 years ago
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5 years ago
Honestly I hate questions like these, glad people like you exist!
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