The 'Conditional-Projection' Approach Used by the Australian Government in Monetary

question 122

Multiple Choice

The 'conditional-projection' approach used by the Australian government in monetary policy between 1976 and 1985 was based on:

• A)the monetarist view of inflation.
• B)the Keynesian view of inflation.
• C)the fact that the demand for money was highly volatile.
• D)the fact that the velocity of money was highly volatile.
• E)none of these factors.

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