Problem
1. Distinguish between ‘goals', ‘targets', ‘instruments' and ‘indicators'.
2. It is often said that ‘in the long-run' inflation reduces output and employment. What costs might be incurred in the short-run and why might these fall upon those who may not benefit from a long-run reduction in inflation?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.