A central bank with a dual mandate will achieve lower unemployment in the long run than a

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A central bank with a dual mandate will achieve lower unemployment in the long run than a central bank with a hierarchical mandate in which price stability takes precedence. Is this statement true, false, or uncertain?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:27 AM

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A central bank with a dual mandate will achieve lower unemployment in the long run than a

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This statement is false There is no longrun tradeoff between in...View the full answer

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