If the Federal Reserve's announcements about upcoming monetary policy decisions are not credible,which of the following would you expect to see?
A) Inflation expectations will accurately reflect actual inflation.
B) Expansionary monetary policy will result in lower rates of inflation.
C) Firms and workers will be unable to accurately forecast changes in the rate of inflation.
D) The Federal Reserve will have more control over the inflation rate.
Correct Answer:
Verified
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A)higher interest
