单选题 Anticipating the effects of monetary policy:

A. makes monetary policy more effective as an instrument of stabilization policy.
B. increases the resulting change in real output and employment.
C. can result in real and nominal interest rates moving in opposite directions.

【正确答案】 C

【答案解析】Nominal and real interest rates move in opposite directions when the effects of monetary policy are anticipated. Expansionary monetary policy drives down real interest rates. The anticipated of the inflation that develops will cause lenders to raise nominal interest rates.