Which of the following statements reflect arguments against monetary policy by rule?
The central bank may use monetary policy to affect the outcome of elections.
Monetary rules may lead to a higher sacrifice ratio because the public is less confident that the central bank will keep inflation low.
Central bankers may conduct “time-inconsistency” policy
Monetary rules reduce the flexibility of the central bank.
Y: $500 billion, $600 billion, $700 billion; P: 90, 100, 110.
Y: $500 billion, $600 billion, $700 billion; P: 90, 80, 70.
Y: $500 billion, $600 billion, $500 billion; P: 90, 100, 90.
Y: $500 billion, $600 billion, $600 billion; P: 90, 80, 90.