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2. Rules versus discretion This question addresses the issue of whether monetary policy should be made...
1. Why should monetary policy be made by rule rather than discretion? a. because there is a clear consensus among economists about what a good monetary policy rule would be b. because rules would eliminate the political business cycle c. because rules respond to any random shocks in the economy d. because rules create time inconsistency 2. Why does Canadian public policy discourage saving? a. because, other things the same, taxes increase the return from savings b. because means-tested programs...