Many central banks use ___________ in which they adjust monetary policy to hit a specific rate of change in the price level.
Question 15 options:
inflation targeting |
|
a dual mandate |
|
fiscal policy |
|
monetary policy |
If a country has the following labor force values, match the values with the appropriate statistic:
Statistic | Value |
Total Working Age Population | 5,600,000 |
Labor Force | 2,900,000 |
Employed | 2,500,000 |
Question 19 options:
|
|
1 - Option D
Monetary policy.
This policy is used by the central banks to adjust the money supply in economy and maintain the stable price level. Inflation targetting takes place when inflation rate has to be maintained. Fiscal policy is implemented by government and not central bank. Hence option D will be correct.
2 - Employment rate = 2500000/5600000*100
= 44.6 %
Unemployed = 2900000-2500000
= 400000
Labor force participation rate = 2900000/5600000*100
= 51.8 %
Unemployment rate = 400000/2900000*100
= 13.8%
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