The time-inconsistency problem involves the ________
A) difficulties of traveling across time zones
B) tendency to deviate from good long-run plans in the short-run
C) use of adaptive expectations in building an economic model
D) time lag between the implementation of policy and its ultimate and complete results
B
Economics
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In November 2008, the leaders of the ________ met in an emergency meeting in Washington to coordinate their responses in terms of both macroeconomic and financial policies
A) G20 B) G7 C) OECD countries D) G8
Economics
When demand is elastic, an increase in price will lead to an increase in total revenue
a. True b. False
Economics