The active approach to monetary policy involves predetermined rules that are followed virtually without exception.
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Q130: According to rational expectations theory,people's predictions about
Q131: The rational expectations school advocates
A)monetarism
B)Keynesianism
C)the use of
Q132: The rational expectations school advocates the passive
Q133: One often-cited rationale for a fixed-growth-rate monetary
Q135: Those of the rational expectations school
A)favor monetary
Q136: Economist A.W.Phillips believed that
A)the Fed should follow
Q137: The inflation associated with the oil embargoes
Q138: The main policy conclusion of the rational
Q139: Advocates of policy rules rather than discretion
Q140: The early Phillips curve showed a trade-off
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