*16. Because the public can see whether a central bank hits its monetary targets almost immediately, whereas...
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*16. “Because the public can see whether a central bank hits its monetary targets almost immediately, whereas it takes time before the public can see whether an inflation target is achieved, monetary targeting makes central banks more accountable than inflation targeting does.” True, false, or uncertain? Explain.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321122353
7th Edition
Authors: Frederic S. Mishkin
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