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Which of the following statements regarding the Reserve Bank of Australia's inflation targeting practice is false ? a) It has an official inflation target of2-3%CPI
Which of the following statements regarding the Reserve Bank of Australia's inflation targeting practice isfalse?
a) It has an official inflation target of2-3%CPI inflation.
b) It has an official inflation target of 2-3% headline inflation.
c) It has an official inflation target of 2-3% underlying inflation.
d) It does not focus muchon temporary price fluctuations of individualitems.
e) It allows the inflation rate to temporarily go outside the target band.
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