Empirical Evidence That Changes in Monetary Policy Do Not Cause

question 33

Multiple Choice

Empirical evidence that changes in monetary policy do not cause rapid price adjustments ________.

• A)is consistent with the Keynesian emphasis on short-run economic fluctuations
• B)suggests that policymakers need not worry much about inflation
• C)remains limited and unconvincing
• D)is consistent with the classical dichotomy
• E)none of the above

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