The adoption of inflation targeting in the United States ________.
A) brought an end to the dual mandate regime
B) resulted from legislation enacted in 1914
C) occurred after its adoption in more than a dozen other countries
D) was blocked by its staunch opponent, Ben Bernanke
Question 2
GDP may inaccurately measure the value of aggregate output because it may not properly account for
A) production in the underground economy and the true value of government production.
B) the true value of government production and the proper value of purchases and sales of used goods.
C) the proper value of purchases and sales of used goods and depreciation of consumer durables.
D) the depreciation of consumer durables and production in the underground economy.
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