What are the major advantages and disadvantages of inflation targeting?
What will be an ideal response?
Advantages include increased transparency and credibility by the central bank, combined with good communication with the public, which allows private citizens to make informed decisions. Disadvantages include the difficulty in making good inflation forecasts to guide policy, the reduction in the flexibility of the central bank, and difficulties in determining how fast inflation should be returned to its target.
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The double-entry system is possible because all business transactions have at least two equal and opposite aspects
Indicate whether the statement is true or false
The EU helped unify Europe by adopting the euro as a common currency. Adopting a common currency has caused problems as stronger economic countries have had to prop up all the following European countries EXCEPT ________
A) Cyprus B) Portugal C) France D) Greece E) United States
Sampling is based upon judgment or convenience in a _____
a. probability (random) sample b. nonprobability sample c. telephone survey d. simulation
Mary, Harold, Harvey, and William form an LLC (limited liability company) by contributing $20,000, $50,000, $55,000, and $150,000, respectively. The LLC is designated to be member-managed
When a decision is put to vote, Mary, Harvey, and Harold vote "yes," whereas William votes "no." Which of the following is true in this context? A) William's decision prevails as he has invested the maximum capital. B) No conclusion can be derived as the vote is not unanimous. C) Mary, Harvey, and Harold's decision prevails due to simple majority. D) The decision is put to vote among the employees of the company.