If a Central Bank Persistently Fails to Deliver the Target

question 64

True/False

If a central bank persistently fails to deliver the target inflation rate, then long-term inflationary expectations are likely to be different from the target rate.

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Definitions:

Linkage Disequilibrium

Linkage disequilibrium exists for any two loci if the occurrence of an allele at one of the loci is nonrandomly associated with the presence or absence of an allele at the other locus.

Positively Selected Allele

A positively selected allele is a variant of a gene that provides an advantage to individuals in their environment, increasing its frequency in the population.

Directional Selection

Directional selection favors individuals on one end of the distribution of phenotypes present in a population.

Paralogs

Genes within the same organism that have evolved by duplication and may have different functions.