Today, most economists ________.
A) accept that expectations formation will change when the behavior of forecasted variables changes
B) believe that the Lucas critique has been discredited
C) accept the notion that there is no role for discretionary stabilization policy
D) believe that having policy credibility is not an important factor to a successful anti-inflation policy
Correct Answer:
Verified
Q1: A rule that is advocated by the
Q2: Whether one views the discretionary policies of
Q3: The opposite of a discretionary approach is
Q4: An example of a rule used in
Q5: Operating with discretion in a monetary policy
Q8: The best way to keep inflation under
Q8: Lucas argues that when policies change,expectations will
Q10: The argument that econometric policy evaluation is
Q12: The Lucas critique indicates that
A)advocates of discretionary
Q19: The interest rate thought to have the
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