Price is the rationing mechanism in a free, competitive market

Inflation targeting is a framework for carrying out monetary policy whereby

A) the central bank commits to a monetary growth rule. B) the central bank commits to achieving a publicly announced level of inflation. C) the central bank commits to achieving a target level of inflation which is never announced publicly. D) the central bank adopts a rigid target for inflation and ignores declines in output.

The Volcker Rule addresses the off-balance-sheet problem involving

A) trading risks. B) selling loans. C) loan guarantees. D) interest rate risks.