What is the most serious criticism of the anti-inflationary version of activist monetary policy?
A) Monetary policy is probably ineffective in fighting inflation.
B) Over-emphasis on controlling inflation comes at the expense of the equally valid goals of low . unemployment and economic growth.
C) Maintaining internal price stability means losing control of the exchange rate.
D) The monetary rules implied by this version of monetary policy are too rigid.
Correct Answer:
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