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Describe the Monetary Policy Known as Inflation Targeting

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Describe the monetary policy known as inflation targeting.What are the three major issues that surround this practice?


Definitions:

Esophagus

The muscular tube that conveys food and liquids from the mouth to the stomach.

Anaphylactic Shock

A severe, often fatal form of shock characterized by smooth muscle contraction and capillary dilation initiated by cytotropic (IgE class) antibodies.

Epinephrine

A hormone and medication, also known as adrenaline, that increases heart rate, contracts blood vessels, dilates air passages, and participates in the fight-or-flight response.

Allergist

A specialist who diagnoses and treats physical reactions to substances including mold, dust, fur, pollen, foods, drugs, and chemicals.

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