Which of the following is NOT an advantage of inflation targeting?
A) reduction of the time-inconsistency problem
B) increased monetary policy transparency
C) There is an immediate signal on the achievement of the target.
D) consistency with democratic principles
C
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An exponential reserve index assumes
a. That economically recoverable reserves will increase exponentially b. That consumption will increase exponentially c. That the resource lifetime will increase exponentially d. That identified reserves will increase exponentially e. That undiscovered reserves will increase exponentially
Refer to Figure 13-1. Ceteris paribus, an increase in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.