Suppose an Economist of the Rational Expectations School Is Giving

question 117

Multiple Choice

Suppose an economist of the rational expectations school is giving advice to a policymaker.Which of the following is the piece of advice the economist would most likely give?  

• A) Do NOT use discretionary policy. 
• B) Do NOT use discretionary policy if activity lags are long. 
• C) Do NOT use fiscal policy if effectiveness lags are long. 
• D) Do NOT use monetary policy if implementation lags are long.

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