________ imposes a conceptual structure and inherent discipline on policy makers,but without eliminating all flexibility.
A) Constrained discretion
B) A policy rule
C) A discretionary policy
D) The Taylor rule
Correct Answer:
Verified
Q11: Arguments for adopting a policy rule include
A)discretion
Q12: The Lucas critique indicates that
A)advocates of discretionary
Q13: A credible nominal anchor
A)can help overcome the
Q14: Suppose that there is a negative aggregate
Q15: A policy in which the money supply
Q17: Suppose that there is a positive aggregate
Q18: A rise in short-term interest rates that
Q19: The interest rate thought to have the
Q20: Arguments for discretionary policies include
A)policy rules can
Q21: Potential weaknesses of nominal GDP targeting include
A)it
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