Which of the following statements is/are correct? i. The Reserve Bank of Australia (RBA) has responsibility for the conduct of monetary policy. ii. The Commonwealth government determines monetary policy. iii. The Reserve Bank of Australia (RBA) and the Commonwealth government agree on the goal of keeping consumer price inflation between 2 and 3 per cent per annum, on average, over the business cycle. i only ii only i and iii i and ii
Which of the following statements is/are correct? i. The Reserve Bank of Australia (RBA) has responsibility for the conduct of monetary policy. ii. The Commonwealth government determines monetary policy. iii. The Reserve Bank of Australia (RBA) and the Commonwealth government agree on the goal of keeping consumer price inflation between 2 and 3 per cent per annum, on average, over the business cycle. i only ii only i and iii i and ii
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 26
Which of the following statements is/are correct?
i. The Reserve Bank of Australia (RBA) has responsibility for the conduct of
ii. The Commonwealth government determines monetary policy.
iii. The Reserve Bank of Australia (RBA) and the Commonwealth government agree on the goal of keeping consumer price inflation between 2 and 3 per cent per annum, on average, over the business cycle.
i only |
||
ii only |
||
i and iii |
||
i and ii |
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