If the Monetary Policy Rule Is Given by R =

question 73

Multiple Choice

If the monetary policy rule is given by r = 1.0 + 0.5p, then r represents ________.

• A) the autonomous component of the real interest rate set by the central bank
• B) the responsiveness of the real interest rate to the inflation rate
• C) the real interest rate that is sent by the central bank
• D) none of the above

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