Question

Some economists suggest that the fed should follow an explicit rule or formula for monetary policy. for​ example, the rule would specify how interest rates would change based on changes in real gdp and inflation. only with a fixed​ rule, these economists​ argue, would the public really understand the​ fed's future intentions for policy. because of the benefit of better public understanding and more transparency of the federal​ reserve, there do not appear to be any disadvantages of adopting an explicit rule or formula.
a. true
b. false

Answer 1

The answer to this question is:
b.false