Why is 'inflation forecasting' critical for monetary policy? a) It helps in setting long-term fiscal policies b) It aids in determining the timing of economic recessions c) It assists central banks in making decisions about interest rates d) It is solely used for academic purposes

ENGR.ECONOMIC ANALYSIS
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Why is 'inflation forecasting' critical
for monetary policy?
a) It helps in setting long-term fiscal
policies
b) It aids in determining the timing of
economic recessions
c) It assists central banks in making
decisions about interest rates
d) It is solely used for academic
purposes
Transcribed Image Text:Why is 'inflation forecasting' critical for monetary policy? a) It helps in setting long-term fiscal policies b) It aids in determining the timing of economic recessions c) It assists central banks in making decisions about interest rates d) It is solely used for academic purposes
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