One of the Drawbacks of Rules Based Monetary Policy Is

question 84

Multiple Choice

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

• A) it can be too rigid a system and unable to address unforeseen contingencies
• B) it minimizes the role of central banks and bankers
• C) these types of programs are difficult to implement in practice
• D) none of the above

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Definitions:

Problem

A situation, question, or item that presents difficulty or requires a solution.

Important Aspects

Critical or significant parts, features, or elements of a particular subject or area of study.

Sensorimotor Stage

The first of Jean Piaget's stages of cognitive development, where infants from 0 to 2 years understand the world through their actions and sensory experiences.

Cognitive Development

The growth and change in mental capacities such as learning, attention, memory, language, and reasoning over time.