Economists who believe that the Federal Reserve is likely to make lots of mistakes in the implementation of monetary policy believe:

Question

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Economists who believe the Federal Reserve is likely to make lots of mistakes in implementing monetary policy often advocate for monetary policy rules. This approach suggests that following specific, predetermined guidelines can reduce the likelihood of errors compared to a more discretionary approach, where decisions are made on a case-by-case basis.

Economists Who Believe That the Federal Reserve Is Likely to Make