Which of the Following Is the Most Powerful Argument for Putting

question 12

Multiple Choice

Which of the following is the most powerful argument for putting restraints on policy makers (as opposed to self-restraint by policy makers themselves) ?

• A)time inconsistency
• B)uncertainty about Okun's coefficient
• C)uncertainty about the natural rate of unemployment
• D)uncertainty about the timing of policy impacts
• E) disagreements about the proper structure of an econometric model

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Definitions:

Nature

The observable aspects of the earth and its environment, encompassing flora, fauna, geological structures, and natural occurrences, distinct from man-made entities or human activities.

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An incident where information that was meant to be kept secret is disclosed without authorization.

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An obligation to adhere to moral principles and conduct, typically within a professional context, ensuring fairness, honesty, and integrity.