An Opponent of Monetary Policy Decisions by Rule Would Point

question 104

Multiple Choice

An opponent of monetary policy decisions by rule would point to which of the following as support of his case?

• A)time inconsistency of policy
• B)flexibility to confront unforeseen circumstances
• C)political business cycle
• D)the ability to craft rules that account for all possible contingencies in advance

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Definitions:

New World Order

A set of initial conditions that describes how nation-states relate to one another on a global scale.

Satellite Crimea

is not a standard term; however, it may refer to satellite imagery or geographical discussions related to the Crimea region.

Geneva Convention

A series of international treaties formulated to ensure humane treatment of prisoners, the wounded, and civilians during war.

Prisoners of War

Individuals captured and held by an enemy during an armed conflict, whose treatment is governed by the rules of international humanitarian law.