Statement about inflation rate targeting

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Choose the statement about inflation rate targeting that is incorrect

A. Inflation targeting is used by Canada, Australia, New zealand, Swden, the United Kingdom, and the European Union

B. Inflation targeting focuses the public debates on what monetary policy can achieve and the best contribution it can make to attaining full employment and sustained growth.

C. The Bank fo Canada uses the Taylor Rule to set the overnight loans rate.

D. An explicit inflation target that is taken seriously and toward which policy actions are aimed and explained is a sensible way to manage inflation expectations

Reference no: EM131096796

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