The outcome of monetary policy can never be certain because
a. unemployment is always changing
b. the concept of a natural rate of unemployment is still not accepted by all policy makers
c. the slope of the AS curve is never clear
d. time lags disrupt policy planning
e. the natural rate of unemployment lags behind the actual rate of unemployment
D
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Cost-of-service regulation allows regulated companies to charge prices that
A) reflect the cost of regulating the industry, plus the marginal cost of the product. B) allow monopoly profits to the producer. C) reflect the actual average cost of providing the services to the customer. D) are determined by competition in other geographic markets.
When there is a tendency for a particular product to fall out favor with additional consumers because other consumers have chosen not to purchase the product
A) negative market feedback occurs. B) positive market feedback occurs. C) the tit-for-tat strategy will begin. D) the network effect will increase.