The Monetary-Policy Framework Called Inflation Targeting Is Used Explicitly by

question 46

Multiple Choice

The monetary-policy framework called inflation targeting is used explicitly by

• A)no major country.
• B)most major countries except the United States and Japan.
• C)the United States,but it is not used by other major countries.
• D)most major countries,including the United States and Japan.

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Definitions:

Eighteenth Century

The period from 1701 to 1800, marked by significant developments in arts, science, and politics, including the Enlightenment and the American Revolutionary War.

Social Contract

A theory in political philosophy suggesting that the moral and political obligations of individuals are dependent upon a contract among them to form the society in which they live.

Monarchs

Heads of state who are the reigning sovereigns of a monarchy, ruling until death or abdication.

Divine Right

The doctrine that kings and queens have a God-given right to rule and that rebellion against them is a sin.