When It Is Difficult to Know the Size and Timing

question 40

True/False

When it is difficult to know the size and timing of monetary policy effects,the central bank should use policy discretion to deal with shocks.

---

Definitions:

Vomit

The involuntary, forceful expulsion of the contents of one's stomach through the mouth and sometimes the nose.

Oxytocin

A hormone and neurotransmitter often associated with social bonding, childbirth, and breastfeeding.

Hormone/Neurotransmitter

Chemical substances that act as messengers in the body, with hormones being released into the bloodstream and neurotransmitters being involved in transmitting signals across nerve synapses.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.