Copyright

The Taylor Rule in Economics: Definition, Formula & Example

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who created the Taylor rule?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which organizations and agencies are most likely to use the Taylor rule?

2. What is the main aim of the Taylor rule?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Use these study resources to test what you know about who created the Taylor rule and identifying which organizations would be most likely to use this rule.

Quiz & Worksheet Goals

These study resources will guide you to:

  • Recognize the main aim of the Taylor rule
  • Understand the factors upon which it is based
  • Determine the limits of the Taylor rule

Skills Practiced

These study tools will help you to practice the following skills:

  • Critical thinking - apply relevant concepts to examine information about the major limitations of the Taylor rule in a different light
  • Interpreting information - verify that you can read information regarding the factors upon which the Taylor rule is based and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the main aim of the Taylor rule

Additional Learning

These resources correspond to a lesson called The Taylor Rule in Economics: Definition, Formula & Example, which will help you to study this topic. The lesson covers the following:

  • Define GDP
  • Identify the formula behind the Taylor rule
  • Analyze the benefits of the rule
Support