The first country to adopt inflation targeting was

The cost of trash removal goes up, in part at least, because labor productivity in auto manufacturing goes up

a. True b. False Indicate whether the statement is true or false

Inflation is problematic if

a. it is less than the percentage increase in nominal income. b. it is less than the nominal return on saving. c. it equals the growth rate of real GDP in the long run. d. it distorts relative prices, causing a misallocation of resources.