When decision rights are decentralized, typically
a. decisions are being moved to those with more of the relevant information
b. decisions are being moved to those with stronger incentives to make good decisions
c. decisions are being moved from those with more of the relevant information
d. decisions are being moved from those with weaker incentives to make good decisions
a
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What will be an ideal response?
Deregulation has led to higher prices
a. True b. False Indicate whether the statement is true or false
Given the following Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 2x(inflation gap) + x(output gap);What do the coefficients on the inflation and output gaps (2x, x) reveal?
What will be an ideal response?
Because the open-economy macroeconomic model focuses on the long run, it is assumed that
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