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.
Economics
How do economists define efficiency? Elaborate
Economics
Marginal cost is total variable cost divided by output.
Answer the following statement true (T) or false (F)
Economics