Swiss Attempts to Target Monetary Aggregates Ended in the 1990s

question 15

Multiple Choice

Swiss attempts to target monetary aggregates ended in the 1990s because ________.

• A)the expectations of Swiss households had evolved from being adaptive to rational
• B)structural changes in the economy had rendered existing practices inflationary
• C)of the resulting increase in interest rates
• D)the ensuing deflation increased the real value of debt held by Swiss manufacturing firms

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