The policy of attempting to obtain a specific low level of inflation over the long run is referred to as:

A) inflation targeting. B) the seigniorage policy.
C) the minimal inflation policy. D) price control.


A

Economics

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If adopted by a firm, a labor-augmenting piece of technology is one that would:

A. increase labor demand. B. increase labor supply. C. decrease labor demand. D. decrease labor supply.

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GDP per capita is a relatively good measurement of:

a. the distribution of income. b. purchasing power. c. household production. d. the standard of living.

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How do economists define efficiency? Elaborate

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Marginal cost is total variable cost divided by output.

Answer the following statement true (T) or false (F)

Economics