ECON0016: MACROECONOMIC THEORY AND POLICY TERM 2, 2020-2021
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TERM 2, 2020-2021, Example Mid-term Coursework
ECON0016: MACROECONOMIC THEORY AND POLICY
1 Fixed investment by private firms is sensitive to monetary policy.
2 A fall in productivity has no impact on the optimal monetary-policy response curve (monetary rule curve) used by a central bank.
3 A government that runs a constant primary deficit cannot stabilise its debt.
4 If wage setters and price setters use adaptive expectations, the credibility of a central bank’s ability to change the inflation target does not matter.
5 When the economy is away from the zero lower bound for nominal interest rates, there is often a conflict between fiscal policy and monetary policy.
6 Conventional monetary policy is effective in stabilising asset prices.
2022-01-11