Problem
1. Immediately after the central bank of New Zealand adopted inflation targeting in 1989, economic growth was low and unemployment increased for some time (until 1992) but economic growth resumed and unemployment decreased later. Comment on the relationship between inflation targeting and economic growth.
2. Comment on the impact on the Fed's credibility of the appointment of a majority of governors reluctant to increase interest rates to fight inflation for fears of causing too much unemployment in the short run.
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.