In the 1970s and 1980s,which method of conducting monetary policy did the Reserve Bank of Australia use?

Question

Quizplus · Accepted Answer

In the 1970s and 1980s, the Reserve Bank of Australia used monetary targeting as its primary method of conducting monetary policy. Monetary targeting involves setting specific targets for the growth rate of the money supply, with the goal of controlling inflation. However, this approach was eventually abandoned in the 1990s in favor of inflation targeting, which focuses on setting specific targets for inflation rather than the money supply.

In the 1970s and 1980s,which Method of Conducting Monetary Policy