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Author Question: Which of the following best defines time inconsistency? A) the increasing inaccuracy of ... (Read 44 times)

shofmannx20

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on: Jun 30, 2018
Which of the following best defines time inconsistency?
 
  A) the increasing inaccuracy of econometric models as the time horizon becomes longer
  B) the tendency for the rise in output to be greater in the early years of a president's term, and smaller in the later years
  C) the effects of political electoral cycles on the business cycle
  D) the tendency for policy makers to deviate from a pre-announced optimal policy once agents in the economy have adjusted their behavior and expectations based on the pre-announced policy
  E) the effect of economic uncertainty on short-run stabilization policy

Question 2

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


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polinasid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


shofmannx20

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Reply 2 on: Jun 30, 2018
Excellent

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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