« previous next »

Author Question: The existence of the time inconsistency problem in macro policy suggests which of the following? ... (Read 50 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 30, 2018
The existence of the time inconsistency problem in macro policy suggests which of the following?
 
  A) Use fiscal and monetary policy to fine tune the economy.
  B) Reduce the independence of the central bank.
  C) Appoint someone who is more conservative (economically) than the rest of the government to head the central bank.
  D) Intervene frequently in the foreign exchange market.
  E) Eliminate rational expectations from econometric models used for forecasting.

Question 2

Refer to the information above. Given this information, the steady state rate of growth of output per worker is
 
  A) 0.
  B) 2.
  C) 3.
  D) 5.
  E) 16.


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Adenosine, Time of Day, and Hunger Adenosine, Time of Day, and Hunger
When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive
Food policy can drive the food industry Food policy can drive the food industry
Disitive Time For Vegetables Disitive Time For Vegetables
Sequence Series Arithmatic Progression Problem Sequence Series Arithmatic Progression Problem
Problem Problem
Video: Digestion Animation

For a complete list of videos, visit our video library