The Federal Reserve Has Not Formally Adopted Inflation Targeting

question 26

True/False

The Federal Reserve has not formally adopted inflation targeting.

---

Definitions:

Quality Cost Report

A document that outlines the expenses associated with preventing, detecting, and correcting defective work or products.

Prevention Cost

Expenses incurred to avoid defects in products or services.

Quality Cost Report

A document that outlines the costs associated with ensuring the quality of products or services, including prevention, appraisal, and failure costs.

Appraisal Cost

The expenses associated with ensuring quality and compliance of products or services, including testing, inspections, and audits.