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According to the Reserve Bank of Australia, inflation targeting refers to monetary policy that aims to a. achieve a particular annual rate of inflation on
According to the Reserve Bank of Australia, inflation targeting refers to monetary policy that aims to
a. achieve a particular annual rate of inflation on average over the business cycle.
b. achieve the same low rate of inflation every year.
c. control the money supply to achieve a target rate of inflation.
d. control the money supply to achieve a target rate of interest that will ensure a low rate of inflation.
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