Which of the Following Statements Is True About the RBA's

question 2

Multiple Choice

Which of the following statements is true about the RBA's inflation target?

• A) The RBA has a zero inflation target.
• B) The RBA has an explicit target of 2- 3 percent inflation over the course of the business cycle.
• C) The RBA has an explicit upper bound of 3 percent inflation at all times.
• D) The RBA has a crawling inflation target.
• E) The RBA has an implicit target for inflation, that is not revealed to the general public.

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Definitions:

Phonemes

The smallest sound elements in a language that allow for the differentiation between words.

Semantics

The branch of linguistics and logic concerned with meaning, including the ways meaning is constructed and understood.

Cognition

The intellectual act of obtaining awareness and insight through the means of experience, contemplation, and sensory input.

Intelligence

The capacity for learning, understanding, problem-solving, and adapting to new situations, often measured through various cognitive tests.