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Michael Woodford Says the Following Is an Advantage of Interest-Rate

Question 44

Multiple Choice

Michael Woodford says the following is an advantage of interest-rate instruments for central banks.


A) Conduct monetary policy without inflation.
B) Conduct monetary policy even if checking deposits pay interest at competitive rates.
C) Conduct monetary policy without government approval.
D) Conduct monetary policy with consumers in mind.
E) Conduct monetary policy with workers in mind.

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