The So-Called Taylor Rule States That

question 183

Multiple Choice

The so-called Taylor Rule states that:

• A)monetary policy should only respond to the changes in real GDP and not in inflation.
• B)monetary policy should only respond to the changes in inflation and not in real GDP.
• C)monetary policy should respond to changes in both real GDP and inflation.
• D)Monetary policy should only respond to changes in unemployment rate.

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