The Federal Reserve has been ________ preemptive because of the changing view that monetary policy has to be ________ looking

A) more; forward
B) more; backward
C) less; forward
D) less; backward

A

Economics

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To be effective, countercyclical fiscal policy must be temporary

a. True b. False

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Under what circumstances will inflation help borrowers at the expense of lenders? Under what circumstances will both parties be unaffected? Which scenario would you expect in the long run?

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