What is meant by the term "inflation targeting"? What is the Fed's objective regarding inflation?
What will be an ideal response?
Inflation targeting refers to the policy of attempting to obtain a specific low level of inflation over the long run. The Fed aims to keep inflation low and predictable.
Economics
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The long run
A) means a long period of time, always longer than a year. B) is a period of time in which all factors of production can be varied. C) is different for different firms. D) Both answers B and C are correct.
Economics
As the price level decreases, other things being equal, a. aggregate demand increases
b. the quantity of real gross domestic product demanded increases. c. the quantity of real gross domestic product demanded decreases. d. real gross domestic product supplied increases.
Economics