Targeting a range of inflation rates, instead of a single inflation level, would:
A. prevent the central bank from meeting employment targets.
B. give the central bank some “wiggle room” to meet employment targets.
C. give Congress some “wiggle room” to meet employment targets.
D. prevent Congress from meeting employment targets.
Answer:B
Targeting a range of inflation rates, instead of a single inflation level, would:
A. prevent the central bank from meeting employment targets. B. give the central bank some “wiggle room” to meet employment targets. C. give Congress some “wiggle room” to meet employment targets. D. prevent Congress from meeting employment targets.