Which of the Following Statements About Inflation Targeting Is True

question 203

Multiple Choice

Which of the following statements about inflation targeting is true?

• A)Inflation targeting would not allow the central bank the flexibility to take action against a severe recession.
• B)Inflation targeting has been adopted by the central banks of fewer than five countries.
• C)With changes in leadership over time at the Bank of Canada, inflation targeting could help institutionalize good Canadian monetary policy.
• D)Inflation targeting is practiced strongly in Canada but is ignored in Europe.
• E)Inflation targeting prevents central banks from changing the money supply.

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Definitions:

Nominal GDP

Gross Domestic Product measured in current prices without adjusting for inflation, representing the total value of all goods and services produced over a specific time period within a country's borders.

Real GDP

The calculation of a nation's total economic production factoring in adjustments for price fluctuations, either inflationary or deflationary.

Growth Rate

The measure of the increase in a particular variable, such as GDP or population size, over a specific period of time, usually expressed as a percentage.

Nominal GDP

The gross domestic product measured in current market prices, without adjustment for inflation.