Monetary policy credibility has the benefit of ________
A) stabilizing inflation in the short run when faced with positive demand shocks
B) stabilizing economic activity in the short run when faced with positive demand shocks
C) transmitting the effect of aggregate demand shocks onto short-run aggregate supply
D) enhancing the job opportunities of Federal Reserve officials after they leave the central bank
A
Economics
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Explain what decisions and calculations a very foresighted consumer must make to determine her consumption decisions in any period
What will be an ideal response?
Economics
Comparing a set of feasible alternatives and picking the best one is an optimization process called? _________.
A. statistical inference B. likelihood estimation C. cost-benefit analysis. D. normative analysis.
Economics