In the 1970s and 1980s, which method did the Reserve Bank of Australia use in conducting monetary policy?
A)interest rate targeting
B)inflation targeting
C)monetary targeting
D)employment rate targeting

Question

Quizplus · Accepted Answer

During the 1970s and 1980s, the Reserve Bank of Australia used monetary targeting as its primary method for conducting monetary policy. This approach involved setting a specific target for the growth rate of the money supply and adjusting interest rates to achieve that target. Inflation targeting did not become the primary approach until the 1990s.

In the 1970s and 1980s, Which Method Did the Reserve