What is inflation targeting?
A. Committing the central bank to achieve an unannounced level of inflation
B. A policy that attempts to reduce inflation to zero
C. A target that links the Feds target for the federal funds rate to inflation
A. Committing the central bank to achieve an unannounced level of inflation
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If the price of refillable butane lighters was to decrease, then
A) the quantity of butane demanded would increase. B) the demand for butane would decrease. C) the demand for butane would increase. D) the quantity of butane demanded would decrease.
A firm's total fixed cost equals $2,500 . The firm's average fixed cost at 1, 5, and 10 units of output, respectively, will be: a. $2,500, $2,500, and $2,500
b. $2,500, $500, and $250. c. $2,500, $12,500, and $25,000. d. $2,500, $1,250, and $250.
The government uses the antitrust laws in place:
A. ineffectively because the laws are outdated. B. to prevent all mergers that would create market power. C. increasingly over time, as market power is getting more concentrated. D. to break up and prevent monopoly power in markets.
Poverty thresholds are adjusted ______ for inflation.
a. weekly b. monthly c. annually d. each decade