If policymakers announce in advance how policy will respond to various situations but then renege on their

Fantastic news! We've Found the answer you've been seeking!

Question:

If policymakers announce in advance how policy will respond to various situations but then renege on their announcements, this a problem of:

A) policy by rule.

B) policy by discretion.

C) time inconsistency of policy.

D) monetary policy.

Related Book For answer-question

Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

See More Books

Posted Date: Dec 28, 2022 12:55 AM

See More Questions

How is a monetary policy rule helpful for understanding U.S. monetary policy?
How is constrained discretion different from discretion in monetary policy? How are the outcomes of these policies likely to differ?
This chapter is concerned mostly with how monetary policy might be able to return an economy quickly to the potential growth rate after a shock. But as we saw in Chapter 31's discussion of the...
Figure 20.3 describes the Medicare Part D prescription drug benefi t. Look at the Web page www.partd-medicare.com/ in your area and determine the marginal coinsurance rates applicable in each...
The accompanying data are the times (in seconds) that it took a sample of employees to assemble a toy truck at a Cole Industries assembly plant. Assembly times are normally distributed. At the 10%...
The compound Na 2 IrCl 6 reacts with triphenylphosphine in diethylene glycol in an atmosphere of CO to give trans-[IrCl(CO)(PPh 3 ) 2 ], known as Vaskas compound. Excess CO gives a five coordinate...
Shoppers Departmental Stores Ltd. furnishes the following details of purchase, sale etc. of its garments section for the year 200506. Determine the value of inventory of the garments section as on...
Dell uses the CRS chip in some of its laptop computers. The prices for the chip during the past 12 months were as follows. (a) Use a 2-month moving average on all the data and plot the averages and...
Study Problem 9-8 (algo) Table A below shows abbreviated balance sheets for the central bank in the country of Beckland and B shows tables for its whole" commercial banking system. The target reserve...
For this exercise, we use JTRAIN.RAW to determine the effect of the job training grant on hours of job training per employee. The basic model for the three years is hrsempit = (0 + (1td88t + (2d89, +...
Evaluate the following Poisson bracket: {(). (b )}, where and b are constant vectors (-b) (-F) 2(-b) (-r) O (a-F) (b.p) (a.p) (b.F) O
(c) Using the structure factor equation Shkl = [,exp(i2n(hu; + kv; + lw;)) calculate the structure factor of the (1, 1, 1) and (2, 0, 0) Bragg reflections in terms of the atomic form factors for...
Manufacturing Overhead Variable overhead costs are based on labor hours, listed below: Indirect materials 50 per labor hour Indirect labor 75 per labor hour Utilities Maintenance Foxed overhead...
10. Your employer contributes $100 a week to your retirement plan. Assume that you work for this employer for another 14 years and the applicable discount rate is 7.25%. Given these assumptions, what...
Disciplinary action and grievances are a part of every work environment. Managers must have some way of correcting behavior that is not consistent with the culture of the organization. In union...
On the 1 January 2 0 1 8 , Easy Stone Limited, acquired the popular brand, Just Brick It for an amount of R 3 5 0 0 0 0 0 which was paid in full on this date. Legal fees of R 1 5 0 0 0 0 was spent in...
Manchester LTD manufactures FIFA computer games. Last year Manchester sold 5000 games at $500 each. The varible cost of each game was $300 and the firms fixed cost totaled to $500 000 per year. In an...
Why are stocks usually more risky than bonds?
Richard and Mary Stout have fallen on hard times, but remain rational consumers. They are making do on $80 a week, spending $40 on food and $40 on all other goods. Food costs $1 per unit. On the...
Dudleys utility function is U(C,R) = C (12 R)2, where R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of $20 a day from...
Consider the cost function c(y) = 4y2 + 16. (a) The average cost function is ______________. (b) The marginal cost function is ______________. (c) The level of output that yields the minimum average...
Eugene Fama and Robert Shiller recently won the Nobel Prize in economics. Go to http://nobelprize.org/nobel_prizes/economics/ and locate the press release on Eugene Fama and Robert Shiller. What was...
Visit the Bloomberg Markets website at www.bloomberg.com/markets/stocks. Their interactive graph allows you to see cumulative returns for individual stocks as well as market indices. Over the last...
What are the implications of behavioral finance?

If policymakers announce in advance how policy will respond to various situations but then renege on their

Question:

Expert Answer:

The detailed answer for the above question is provided below The correct answer is C time ... View the full answer

Intermediate Microeconomics

Students also viewed these accounting questions