Asked by sachdeva prince on Jun 29, 2024
Verified
What is meant by accommodation?
Accommodation
Living or travel arrangements made for people while away from home, or adjustment made to make something suitable.
- Clarify the effects that central bank strategies have on the rates of unemployment and inflation, considering the critical role of outlooks.
Verified Answer
MH
Molike HononoJul 03, 2024
Final Answer :
A central bank is said to accommodate an adverse supply shock if it raises the money supply growth rate in response.
Learning Objectives
- Clarify the effects that central bank strategies have on the rates of unemployment and inflation, considering the critical role of outlooks.
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