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Which of the following explains the idea behind implicit targeting? The central bank implements contractionary monetary policy immediately after inflation begins. The central bank implements

Which of the following explains the idea behind implicit targeting?

The central bank implements contractionary monetary policy immediately after inflation begins.

The central bank implements contractionary monetary policy before inflation begins.

The central bank states a desired inflation rate and announces a set of monetary policies to achieve that rate.

The central bank implements expansionary monetary policy before inflation begins.

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