Some economists suggest that the fed should follow an explicit rule or formula for monetary policy. for example, the rule would specify how interest rates would change based on changes in real gdp and inflation. only with a fixed rule, these economists argue, would the public really understand the fed's future intentions for policy. because of the benefit of better public understanding and more transparency of the federal reserve, there do not appear to be any disadvantages of adopting an explicit rule or formula.
a. true
b. false
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