The original work on the application of the time inconsistency problem in macroeconomics is due to
A) Milton Friedman and Robert Lucas.
B) Michael Hutchinson and Carl Walsh.
C) Finn Kydland and Edward Prescott.
D) Robert Barro and Donald Gordon.
C
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Consider two countries-country A and B. Both economies are exactly similar in all aspects except for one. There are well-defined property rights in country A, while there are no property rights in country B
Given this information, which of the following statements is likely to be true? A) Economy A is likely to grow faster than economy B. B) Economy B is likely to grow faster than economy A. C) Both economies are likely to grow at the same rate. D) None of the countries is likely to experience any growth in GDP.
Measured as a share of GDP, what happened to the net federal debt between 1990 and 2011?
What will be an ideal response?
Both ______ and _______ targeted the huge American consumer market as a way to build up their own manufacturing base.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is false?
A. Diversification can reduce risk but only by reducing the expected return. B. Diversification reduces idiosyncratic risk. C. Diversification can reduce risk. D. Diversification allocates savings across more than one asset.