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Which of the following statements best explains the difference between the Taylor rule and the two other nonactivist rules the constant-money growth rate rule and the predetermined-money growth rate

Which of the following statements best explains the difference between the Taylor rule and the two other nonactivist rules (the constant-money growth rate rule and the predetermined-money growth rate rule)? The Taylor rule suggests how much the money supply should grow. The Taylor rule does not take into account the current state of the economy. The Taylor rule is not a derivation of the equation of exchange. The Taylor rule does not take into account the stability of prices.

Jun 04 2020 View more View Less

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