100 POINTS “Because policymakers cannot be trusted to do what they say, monetary policy should be set by rules that limit the discretion of policymakers. And because monetary policy works only with a long lag, a passive policy should be preferred to an active one.” In a brief essay, discuss why a reasonable person might come to these conclusions. Why are policymakers tempted to go back on their word? How might you design rules to improve the policymakers’ performance?
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The early democratic-republican party believed that the united states
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Erugent which russian tsar defeat napoleon and saw himself as the leader of european monarchs who opposed revolutionary change ivan the terrible ivan the great nicholas 1 alexander 1
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What was the codename of the international coalition formed to seek removal of iraqi troops from kuwait?
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Read the following passage. the early mill girls were of different ages. some were not over ten years old; a few were in middle life, but the majority were between the ages of sixteen and twenty-five. the very young girls were called "doffers." they "doffed," or took off, the full bobbins from the spinning frames, and replaced them with empty ones. based on the passage, early mill girls were mostly young. were mostly middle aged. were of a variety of ages. were mostly children.
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100 POINTS
“Because policymakers cannot be trusted to do what they say, monetary policy should be s...
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