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Why Would Central Bankers Have to Pay Attention to Forecasts

question 41

Essay

Why would central bankers have to pay attention to forecasts regarding consumer sentiment and expectations of business owners and managers?


Definitions:

Principles of Equity

The set of legal principles that guide courts in deciding cases fairly when common law principles are insufficient or inadequate.

Public Administrative Law

The body of law that governs the activities of administrative agencies of the government, including rule making, enforcement, and adjudication.

Royal Assent

Needed in order for a bill to become law.

Lieutenant-Governor

An official who acts as the deputy to the governor, performing duties as assigned or in the governor's absence.

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