1. Explain what is meant by a monetary ‘surprise’ and why this may affect the economy in a way that differs from monetary events that are anticipated. Make clear any assumptions that you need to make....


1. Explain what is meant by a monetary ‘surprise’ and why this may affect the economy in a way that differs from monetary events that are anticipated. Make clear any assumptions that you need to make.


2. Explain the ideas behind the notion of the political business cycle. Do they seem to reflect the realities of political behaviour?



May 20, 2022
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