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Q. What do you meant by Monetary Targeting?
Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy tool used by strict monetarists. This policy approach failed in 1980s, when it became clear that supply of money couldn't be directly controlled by a central authority.
#question meaning ..
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
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