An Argument in Favour of the Reserve Bank of Australia

question 72

True/False

An argument in favour of the Reserve Bank of Australia (RBA)adopting inflation targeting is that in the long run, the RBA can have an impact on inflation but not on real GDP.

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Definitions:

Conserve Energy

Efforts or strategies aimed at reducing the consumption of energy to save resources and reduce environmental impact.

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body by transmitting signals from the brain to the muscles.

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells through electrical and chemical signals.