The Rules-Based Approach to Monetary Policy Was Followed in Australia

question 74

Multiple Choice

The rules-based approach to monetary policy was followed in Australia:

• A)between 1976-85.
• B)from 1991 to the present.
• C)between 1960-74.
• D)during the Second World War.
• E)at no time. It has never been used in Australia.

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Definitions:

Endodermal

Pertaining to the innermost layer of the three primary germ layers in the very early embryo, which gives rise to the digestive and respiratory systems among others.

Ectodermal

Pertaining to the ectoderm, the outermost layer of the embryo, giving rise to the nervous system, skin, and various sensory organs.

Germ Layers

The three primary layers of cells (ectoderm, mesoderm, and endoderm) in the early embryo from which all tissues and organs develop.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the skin and nervous system.