New Zealand was the first country to implement a system of
A)disinflation.
B)deflation.
C)inflation targeting.
D)expectations traps.

Question

Quizplus · Accepted Answer

New Zealand was the first country to implement a system of inflation targeting. In 1990, the Reserve Bank of New Zealand adopted an inflation targeting regime in which it explicitly stated a target inflation rate and adjusted monetary policy to achieve that target. This system has since been adopted by several other countries.

New Zealand Was the First Country to Implement a System