According to rational expectations theory, discretionary monetary and fiscal policy will be ineffective primarily because of the:
A. Successes of macroeconomic policy makers
B. Inability of policy makers to time decisions properly
C. Reaction of the public to the expected effects of policy changes
D. Slow impact of policy to stimulate changes in real output and employment
C. Reaction of the public to the expected effects of policy changes
Economics
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In general, the term "ceteris paribus" means
A. all else equal B. holding everything else variable C. unsettled mathematical paradigms D. Both A and B
Economics
How does Gordon integrate the exogenous factors affecting economic growth into the production function for an economy?
A) Y = A(G,R,H) F(K,P,T,N) B) Y = A(G,P,T) F(K,R,H,N) C) Y = A(G,P,T,R) F(K,H,N) D) Y = A(P,T,K) F(G,R,H,N)
Economics