An Argument Against a Central Bank Policy of Announcing Numerical

question 18

Multiple Choice

An argument against a central bank policy of announcing numerical inflation targets is that inflation targeting policies:

• A)enhance central bank credibility.
• B)anchor inflationary expectations.
• C)emphasize inflation at the expense of output stabilization.
• D)increase uncertainty.

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Definitions:

Verbal Spacers

Filler sounds or words, such as "um," "like," or "you know," used by speakers during conversation to pause for thought without breaking the flow of speech.

Elevator Speech

A brief and persuasive speech used to spark interest in what a person, organization, or project does, often delivered in the time span of an elevator ride.

Philippic

A fiery, damning speech, or tirade, often directed against someone or something.

Lengthy Monologues

Long, uninterrupted speeches by a single speaker that can be informative but might also disengage the audience.