The Greater the Credibility of Monetary Policy, the ____ Likely

question 47

Multiple Choice

The greater the credibility of monetary policy, the ____ likely inflationary expectations are to be anchored and the _____ the recessions caused by adverse inflation shocks.

• A)more; shorter
• B)more; longer
• C)less; shorter
• D)less; longer

---

Definitions:

Nationalist Movement

A political, social, and economic ideology and movement characterized by the promotion of the interests of a particular nation, especially with the aim of gaining and maintaining the nation's sovereignty over its homeland.

Lakshmi Bai

A prominent figure in Indian history, the Queen of Maratha-ruled Jhansi State, known for her role in the Indian Rebellion of 1857.

Rebell Forces

Armed groups that oppose or resist the authority, control, or convention, typically in a context of political conflict. Note: The correct spelling is "Rebel Forces."

Jhansi

A historic city in northern India, known for its significant role in the Indian Rebellion of 1857, particularly through its association with Rani Lakshmibai.