Which of the Following Is NOT True in Comparing Countries

question 51

Multiple Choice

Which of the following is NOT true in comparing countries that have adopted inflation targeting?

• A)The level of public awareness and discussion has increased since inflation targeting was adopted.
• B)Central banks generally have not kept inflation within the target range.
• C)Central banks have been generally successful in hitting the target on average.
• D)The most common range is a 2 percentage point spread.
• E)None of the above.

Apply the concept of the marginal rate of substitution (MRS) to analyze consumer behavior and choice optimization.

Identify and interpret perfect substitutes and perfect complements in the context of consumer preferences.

Understand the impact of changes in income on the consumption of normal and inferior goods.

Apply the concept of utility maximization to determine the optimal choice of goods within a budget constraint.

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