Which of the Following Issues Is a Concern That Critics

question 49

Multiple Choice

Which of the following issues is a concern that critics express about the use of an inflation- control target?

• A)The policy control rests in the hands of civil servants rather than in the hands of elected officials.
• B)Monetary policy tends to be sensitive to the state of employment while focusing on inflation control targets.
• C)It encourages a focus on real GDP growth at the expense of employment and of inflation.
• D)It encourages a focus on inflation at the expense of employment and real GDP growth.
• E)The policy control rests in the hands of elected officials rather than in the hands of civil servants.

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The lowest legal hourly rate that an employer can pay its workers, set by government policy.

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