The Inflation Target in the UK for the Monetary Policy

question 4

Multiple Choice

The inflation target in the UK for the Monetary Policy Committee is

• A) 2%
• B) 3%
• C) 0%
• D) -1%

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a response without the need for prior learning.

Conditioned Response

A learned reaction to a previously neutral stimulus, achieved through repeated association with an unconditioned stimulus.

Unconditioned Response

A spontaneous, innate response to any stimulus, happening without previously acquired knowledge or conditioning.