Question: The policy ineffectiveness proposition (PIP) asserts that anticipated monetary policy cannot change real GDP in a regular or predictable way. Suppose that a monetary policymaker

The policy ineffectiveness proposition (PIP) asserts that anticipated monetary policy cannot change real GDP in a regular or predictable way. Suppose that a monetary policymaker not only accepts the PIP, but is interested in adopting monetary policies that stabilize the economy. Explain what monetary polices this policymaker would advocate.

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