Examlex
A change in the personal style and preferences of the Federal Reserve's chairman can cause a change in the target inflation rate.
Developing Countries
Countries with a low living standard because of less human and physical capital per worker; typified by high rates of illiteracy, high unemployment, high fertility rates, and exports of primary products; also known as low-income and middle-income economies
Physical Capital
The stock of equipment, buildings, vehicles, and machinery that is used to produce goods and services; a factor of production that is not consumed in the production process.
Labor Productivity
The output per worker, assessing how efficiently labor is utilized in production.
Technology Quality
Technology quality refers to the degree of excellence, reliability, and performance of technological products or systems.
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Q203: If the central bank increases the target