Which of the Following Is Not an Element of Inflation

question 72

Multiple Choice

Which of the following is not an element of inflation targeting?

• A)a public announcement of medium-term numerical targets for inflation
• B)an institutional commitment to price stability as the primary long-run goal
• C)an information-inclusive approach in which only monetary aggregates are used in making decisions about monetary policy
• D)increased accountability of the central bank for attaining its inflation objectives

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Definitions:

Secondary Reinforcer

A stimulus that has become reinforcing through its association with a primary reinforcer, such as money being valued for its ability to purchase food or other basic needs.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior occurring again.

Negative Reinforcer

A stimulus whose removal following a behavior increases the likelihood of that behavior being repeated in the future.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that was initially conditioned.