Time inconsistency means
A) taking different decisions at different times despite facing the same situation.
B) making policy choices that violate the intertemporal budget constraint.
C) deciding to do something tomorrow, and then doing something different tomorrow.
D) adding a random factor to decisions.
Correct Answer:
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Q11: If the central bank cannot commit,then
A) the
Q12: In the Friedman-Lucas money surprise model
A) If
Q13: The Phillips curve shifts because
A) fiscal policy
Q14: A)W. Phillips' study of unemployment and inflation
Q15: In the Friedman-Lucas money surprise model,a surprise
Q16: In the United States,the Phillips curve is
Q17: The rational expectations hypothesis means that
A) economic
Q18: A Phillips curve is
A) the correlation between
Q19: Application of the time inconsistency problem to
Q21: The time consistency problem implies that
A) the
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