According the principle of time inconsistency, the most important element of policy making is
a. predictability.
b. transparency.
c. credibility.
d. judgment
C
Economics
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Fiscal policy has a short implementation lag compared to monetary policy
a. true b. false
Economics
A program of complete indexation would
A) eliminate most of the costs of inflation. B) increase the sensitivity of the economy to supply shocks. C) make the role of expectations negligible. D) all of these
Economics