« previous next »

Author Question: The existence of the time inconsistency problem in macro policy suggests which of the following? ... (Read 72 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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Changes in Time Spent with Family Members Changes in Time Spent with Family Members
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
Anatomy of the Large Intestine By the time chyme reaches the large intestine, most of its nutrients Anatomy of the Large Intestine By the time chyme reaches the large intestine, most of its nutrients
Sequence Series Arithmatic Progression Problem Sequence Series Arithmatic Progression Problem
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Surtsey, a volcanic island, during the time of its formation. Surtsey, a volcanic island, during the time of its formation.
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library