the economics of money, banking, and financial markets
819 $ © 2014 Pearson Canada Inc.$ Economics of Money, Banking & Financial Markets, 5e (Mishkin) Chapter 26 The Role of Expec ...
820 $ © 2014 Pearson Canada Inc.$ Lucas argues that when policies change, expectations will change thereby ____. A) changing t ...
821 $ © 2014 Pearson Canada Inc.$ The interest rate thought to have the most important impact on aggregate demand is the ____. ...
822 $ © 2014 Pearson Canada Inc.$ 26.2 Policy Conduct: Rules or Discretion A policy in which the money supply is kept growing ...
823 $ © 2014 Pearson Canada Inc.$ The time inconsistency problem means that policy makers are always tempted to pursue _____ p ...
824 $ © 2014 Pearson Canada Inc.$ A rule that is advocated by the monetarists is the ____ rule. A) constant money growth rate ...
825 $ © 2014 Pearson Canada Inc.$ The Lucas critique indicates that ____. A) Keynesian criticisms of rational expectations mod ...
826 $ © 2014 Pearson Canada Inc.$ One of the drawbacks of rules based monetary policy is ____. A) the current relationship bet ...
827 $ © 2014 Pearson Canada Inc.$ Advocates of nondiscretionary policy contend that a discretionary policy of shifting the agg ...
828 $ © 2014 Pearson Canada Inc.$ Which of the following views are consistent with the case for nondiscretionary macroeconomic ...
829 $ © 2014 Pearson Canada Inc.$ Advocates of nondiscretionary policy emphasize the importance of a constant money growth rat ...
830 $ © 2014 Pearson Canada Inc.$ Monetarists contend that ____. A) the self-correcting mechanism works slowly because wages a ...
831 $ © 2014 Pearson Canada Inc.$ Arguments for adopting a policy rule include ____. A) the time-inconsistency problem can lea ...
832 $ © 2014 Pearson Canada Inc.$ Arguments for discretionary policies include ____. A) policy rules can be too rigid because ...
833 $ © 2014 Pearson Canada Inc.$ 38 ) Describe discretionary and nondiscretionary policy in the case of a negative aggregate su ...
834 $ © 2014 Pearson Canada Inc.$ 26.3 The Role of Credibility and a Nominal Anchor A credible nominal anchor ____. A) can hel ...
835 $ © 2014 Pearson Canada Inc.$ Suppose that there is a negative aggregate demand shock and the central bank commits to an i ...
836 $ © 2014 Pearson Canada Inc.$ The U.S. government can play an important role in establishing the credibility of anti-infla ...
837 $ © 2014 Pearson Canada Inc.$ It may be necessary to cut the deficit as part of a credible anti-inflationary policy becaus ...
838 $ © 2014 Pearson Canada Inc.$ The benefits of a credible nominal anchor include ____. A) acting like a behaviour rule B) p ...
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