The Inflation Target of the RBA Is

question 89

Multiple Choice

The inflation target of the RBA is:

• A) 2-3 per cent at all times.
• B) 2-3 per cent over the course of the business cycle.
• C) zero per cent at all times.
• D) zero per cent over the course of the business cycle.

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Definitions:

Relative Deprivation

A sociological theory that posits individuals feel deprived not on the basis of objective conditions, but by comparing their situation to that of others in their community or society.

Discrimination

Unfair or prejudicial treatment of people based on characteristics such as race, age, sex, or disability, rather than merit.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Behavior

The actions or reactions of an entity (often a person) in response to external or internal stimuli.