Question: Is there a compromise between purely discretionary policy and adhering
Is there a compromise between purely discretionary policy and adhering to strict targets?
Answer to relevant QuestionsCompare the relative merits of targeting (a) The money supply; (b) The exchange rate; (c) The rate of inflation.What implications would a vertical short-run aggregate supply curve have for the effects of demand management policy?What is meant by the ‘steady-state economic growth path’? What determines its slope?Is deindustrialization necessarily undesirable?Why is it difficult to estimate the magnitude of the benefits of completing the internal market of the EU?
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