A nominal anchor helps policy makers to avoid ________. A) ...

[CQXA]

A nominal anchor helps policy makers to avoid ________.
 
  A) adaptive expectations
  B) constrained discretion
  C) negative demand shocks
  D) the time-inconsistency problem

Question 2

There is evidence that income per worker is converging in
 
  A) the richest countries and the poorest countries.
  B) the richest countries, but not the poorest countries.
  C) the poorest countries, but not the richest countries.
  D) neither the richest nor the poorest countries.

[Pswine]

Answer to Question 1

D

Answer to Question 2

B