One of the Drawbacks of Rules Based Monetary Policy Is

question 39

Multiple Choice

One of the drawbacks of rules based monetary policy is ________.

• A) the true model of the economy is unknown, so a single rule may not be appropriate
• B) they are too complicated for the general public to understand
• C) these types of programs are difficult to implement in practice
• D) none of the above

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Definitions:

Second Chance

refers to giving someone or something another opportunity to succeed after a failure or poor performance.

Sole Proprietorship

A business structure where a single individual owns and operates the business.

Independence

The state or quality of being autonomous and not influenced or controlled by others in matters of opinion, conduct, decision-making, or action.

Enforceable

A term describing a legal agreement or contract that is valid and can be upheld and compelled by law.