Question
According to the Taylor principle, for
inflation to be stable, the central bank must respond to an increase in inflation with ____ increase in the nominal interest rate.Solution
According to the Taylor principle, for inflation to be stable, the central bank must respond to an increase in inflation with a greater increase in the nominal interest rate.Â
A callous system generates nothing but a misanthrope.
 My student, a doctor by profession, preferring to walk to the hospital everyday.Â
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I was thinking about this the last time we gone on a big trip.