Inflation targeting refers to conducting ________ policy so as to commit the central bank to achieving a ________.
A) monetary; publicly announced level of inflation B) fiscal; publicly announced level of inflation
C) fiscal; zero inflation rate D) monetary; zero inflation rate
Question 2
Refer to Table 4-4. If a minimum wage of 10.50 is mandated there will be a
A) surplus of 30,000 units of labor. B) surplus of 60,000 units of labor.
C) shortage of 60,000 units of labor. D) shortage of 30,000 units of labor.