What is meant by inflation targeting? Does the Fed engage in inflation targeting?
What will be an ideal response?
Under inflation targeting a central bank commits to conduct policy to satisfy a publicly announced inflation target within a given time frame. In 2012, the Fed adopted a inflation target.
Economics
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If a firm experiences gains from specialization as it increases its scale of production, we would expect its long-run average cost curve to be:
A) upward-sloping. B) horizontal. C) downward-sloping. D) vertical. E) U-shaped.
Economics
How does asymmetric information affect a contract?
Economics