Interest rates can be measured more accurately andquickly than reserve aggregates; hence an interest rateis preferred to the reserve aggregates as a policy instrument.” Do you agree or disagree? Explain your answer

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 11CQ
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Interest rates can be measured more accurately and
quickly than reserve aggregates; hence an interest rate
is preferred to the reserve aggregates as a policy instrument.” Do you agree or disagree? Explain your answer

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