Inflation targeting is a framework for carrying out monetary policy whereby

A) the central bank adopts a rigid target for inflation and ignores declines in output.
B) the central bank commits to achieving a publicly announced level of inflation.
C) the central bank commits to achieving a target level of inflation which is never announced publicly.
D) the central bank commits to a monetary growth rule.


Answer: B

Economics

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Economics

A firm's long-run average cost curve is increasing as output increases over all levels of output. As a result

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Economics