Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 14, Problem 8E
To determine
(a)
To explain:
The reaction of public on the plan of the central bank if it has a reputation for always meeting its announced policy goals.
To determine
(b)
To explain:
The reaction of public on the plan of the central bank if it has a reputation for rarely doing things what it says.
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