Economists belonging to the rational expectations school in macroeconomics believe that
A) government intervention often makes things worse rather than better
B) using policy rules is preferable to using discretion
C) markets tend to clear fairly rapidly
D) policy makers can benefit from credibility
E) all of the above
Correct Answer:
Verified
Q3: When Franco Modigliani stated "we are all
Q4: Assuming a long-run relationship, if real output
Q5: Assuming a long-run relationship, if nominal money
Q6: Inflation can be reduced sharply if the
Q7: The long-run link between money growth and
Q9: Monetarists emphasize the fact that
A)the growth rate
Q10: Hyperinflation can best be stopped if a
Q11: Which of the following countries did NOT
Q12: Which of the following is TRUE for
Q13: When we look at the period from
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