Inflation targeting should be based on current and past economic conditions,rather than forecasts of future conditions.

Name: Inflation targeting should be based on current and past economic conditions,rather than forecasts of future conditions.
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Quizplus · Accepted Answer

Inflation targeting often relies on forecasts of future conditions to preemptively adjust monetary policy and stabilize the economy, as monetary policy actions take time to affect inflation.

Inflation Targeting Should Be Based on Current and Past Economic