To Solve the "Time Inconsistency" Problem in Macro Policy,a Nation

question 52

Multiple Choice

To solve the "time inconsistency" problem in macro policy,a nation may well have to

• A)restrict itself in the present from taking certain policy moves in the future.
• B)lift all restrictions on future policy moves.
• C)present policy moves to the public, for example, in a referendum.
• D)use the courts to settle policy disputes.
• E) make the central bank more responsive to the popular will.

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Definitions:

U.S. Office of Education

A former agency of the federal government responsible for administering and coordinating federal assistance to education, now part of the Department of Education.

Discriminatory Practices

Actions or policies that treat people unequally or unfairly based on characteristics such as race, gender, age, or sexual orientation.

Black Housing

The residential spaces and communities predominantly occupied by African Americans, often marked by historical and systemic disparities.

Redlining

A discriminatory practice by banks and other financial institutions that refuse or limit loans, mortgages, insurance, etc., within specific geographic areas, often based on race.