Based on the Taylor rule,from 1965 to 1979,monetary policy was
A)too tight.
B)too easy.
C)just about right.
D)too tight from 1965 to about 1970 and too easy from about 1970 to 1979.

Name: Based on the Taylor rule,from 1965 to 1979,monetary policy was A)too tight. B)too easy. C)just about right. D)too tight from 1965 to about 1970 and too easy from about 1970 to 1979.
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The Taylor rule suggests that from 1965 to 1979, monetary policy was too easy, contributing to high inflation rates during the 1970s.

Based on the Taylor Rule,from 1965 to 1979,monetary Policy Was