The Goals of Inflation Targeting Are I

question 92

Multiple Choice

The goals of inflation targeting are i.to keep inflation low and stable.
Ii) maintain a high and stable level of employment.
Iii) to establish accountability.

• A)i,ii and iii
• B)i and iii
• C)i only
• D)i and ii
• E)ii only

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Definitions:

Causation

A relationship between two events where one event is affected by the occurrence of the other event.

Limited Resources

Refers to the finite availability of goods and inputs, such as labor, raw materials, and capital, which are used to produce economic outputs.

Unlimited Wants

The economic concept that humans have insatiable desires for goods and services, which exceeds the resources available to satisfy them.

Individuals

Single human beings, considered separately from society or as distinct entities with personal interests and responsibilities.