The object of inflation targeting is for a country's central bank to try to keep the inflation rate near
A) the country's historical average economic growth rate.
B) some predetermined level.
C) the country's historical average inflation rate.
D) the country's historical average unemployment rate.
B
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From the perspective of the theory of efficient markets, explain why it may be difficult for professional portfolio managers who have an exceptional year to continuously outperform the market average.
What will be an ideal response?
If a person consumes excessive amounts of a good or service, to the point that their total utility actually begins declining, then that person's marginal utility of the last unit consumed is __________.
A. positive B. negative C. zero D. None of these choices are correct.
The Fed's forward guidance in 2011 and early 2012 was framed in terms of keeping interest rates low
A. for an extended period. B. at least until a particular date in the future. C. based on outcomes for the unemployment rate and inflation rate. D. until the next Presidential election.
The Monetary Control Act of 1980 :