What is the main tradeoff the MPC is facing?
BOE's Carney: MPC Tradeoff on Inflation, Output

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increasing domestic costs and reducing output
Returning inflation to target and stabilizing output
Managing sterling's appreciation and inflation
Balancing inflation and unemployment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the MPC plan to return inflation to target over a longer period?
To disregard the effects of sterling's depreciation
To avoid undesirable outcomes like lost output and unemployment
To increase domestic costs significantly
To immediately stabilize the economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the MPC's comprehensive package of measures?
To increase interest rates
To ensure inflation settles at the target over a longer period
To stabilize the currency exchange rate
To reduce the Bank rate permanently
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does cutting the Bank rate help the economy?
It increases the value of sterling
It immediately eases financing conditions for households and firms
It reduces the need for foreign investments
It raises interest rates on loans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge does the MPC face when interest rates are very low?
Inflation targets are easily met
The financial system becomes more stable
The Bank rate cuts are fully passed on
Interest rates on loans might increase
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