Based on the Taylor Rule,in the 1980s,monetary Policy Was

question 76

Multiple Choice

Based on the Taylor rule,in the 1980s,monetary policy was

• A)too tight.
• B)too easy.
• C)just about right.
• D)too tight in the first half of the decade and too easy in the second half.

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Definitions:

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The process where individuals change their behavior to align with the group due to the belief that the group possesses more accurate information.

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