The 'Conditional-Projection' Approach Used by the Australian Government in Monetary

question 35

Multiple Choice

The 'conditional-projection' approach used by the Australian government in monetary policy between 1976 and 1985 was based on:

• A) the monetarist view of inflation.
• B) the Keynesian view of inflation.
• C) the fact that the demand for money was highly volatile.
• D) the fact that the velocity of money was highly volatile.