100 POINTS “Because policymakers cannot be trusted to do what they say, monetary policy should be set by rules that limit the discretion of policymakers. And because monetary policy works only with a long lag, a passive policy should be preferred to an active one.” In a brief essay, discuss why a reasonable person might come to these conclusions. Why are policymakers tempted to go back on their word? How might you design rules to improve the policymakers’ performance?

operation overlord was the codename for the battle of normandy, the allied operation that launched the successful invasion of german-occupied western europe during world war ii. the operation was launched on 6 june 1944 with the normandy landings

- "the civil rights movements"

- "following the american civil war and abolition of slavery, the united states entered a period known as reconstruction, during which black americans continued to suffer from disenfranchisement, racial segregation, and economic oppression. beginning in the early 1950's, black americans launched a series of major campaigns of civil resistance, emphasizing the need for nonviolent protests and civil disobedience."

"such as the montgomery bus boycott of 1955-56, a campaign launched by rosa parks against the policy of racial segregation of the public transit system in alabama. “sit-ins” became popular across the american south, particularly in greensboro, north carolina, increase national sentiment."

- "the counterculture movement"

- "counterculture began to develop in the united states following the rise of conformity in american culture during the 1950s. by 1963, youth, particularly those of the white middle class, began rejecting the cultural standards and normality of their parents, opting for progressive attitudes instead. the movement gained momentum as the civil rights movement became increasingly successful and as the u.s. military intervention of vietnam began to take a negative turn."

"hippie counterculture moved further into popular culture following the summer of love in 1967 when thousands of people came together in the haight-ashbury neighborhood of san francisco. along with greenwich village in new york city, haight-ashbury became a hub for the counterculture movement."

australian plates collided into eurasian plates, and the himalayas formed. the andes mountain range the himalayas and the islands of japan form differently. the andes mountain range formed at the convergent boundary of an oceanic plate and continental plate.