Economics of Money, Banking and Financial Markets, The, Business School Edition (5th Edition) (What's New in Economics)
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Chapter 24, Problem 2Q
To determine

To Explain:

“If autonomous spending falls, the central bank should lower its inflation target in order to stabilize inflation.” State whether this statement is true, false or uncertain.

Concept introduction:

Autonomous Spending: The component of spending that does not depend on the level of income.

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