Question: The Taylor Principle differs from the Taylor rule because Select one:A . the Taylor principle is exclusively used by the Bank of Canada while the
The Taylor Principle differs from the Taylor rule because
Select one:A the Taylor principle is exclusively used by the Bank of Canada while the Taylor rule is used by the US FedB. the Taylor rule relates to inflation rates while the Taylor principle is applied to real interest ratesC. it does not provide a rule for how monetary policy should react to conditions in the economyD. the Taylor principle relates to real interest rates and the Taylor rule pertains to nominal interest rates
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