Nominal GDP Targeting ________

question 1

Multiple Choice

Nominal GDP targeting ________.

• A)is consistent with a dual mandate
• B)has been adopted in more countries than have adopted inflation targeting
• C)is,compared to inflation targeting,easier both to implement and to explain
• D)is preferred strongly by "conservative" central bankers

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Definitions:

Backflows

The return of workers to the countries from which they originally emigrated.

Younger Workers

Refers to individuals in the workforce who are typically in the lower age range of the working population, often considered to be more recent entrants into the job market.

Standard of Living

The degree of prosperity, comfort, material possessions, and essential needs accessible to a specific socioeconomic group or region.

National Income

The total value of all goods and services produced by a country over a specific period, typically a year, representing the economic performance of a nation.