When expansionary policy is anticipated, it leads to a short-run expansion in output and employment.
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Q3: The Taylor rule is a complete discretionary
Q5: Automatic stabilizers are not regarded as important
Q6: Inflation targeting may lead to a liquidity
Q7: If policy makers' ability to forecast the
Q9: When the economy operates at levels significantly
Q10: Critics of inflation targeting argue that central
Q11: If people respond quickly to policy changes
Q12: The crowding-out effect occurs when household consumption
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Q24: Critics of targeting a zero inflation rate
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