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Monetary policy and the measurement of inflation: prices,

Monetary policy and the measurement of inflation: prices, 2026

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The document contains the minutes of the Shaker Heights Board of Education meeting held on December 14, 2006. It includes attendance, approval of previous minutes, personnel changes, superintendent's recommendations, business decisions regarding construction projects and financial reports, as well as updates on district highlights such as curriculum initiatives and upcoming events. The meeting concluded with discussions on governance and collective bargaining matters.

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What is the monetary measure of inflation?

The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.

What is monetary policy in simple terms?

How does inflation targeting work? Inflation targeting is straightforward, at least in theory. The central bank forecasts the future path of inflation and compares it with the target inflation rate (the rate the government believes is appropriate for the economy).

How does monetary policy relate to inflation?

A central bank affects monetary policy by adjusting the money supply in the economy. A central bank affects inflation by manipulating interest rates through monetary policy, either raising rates to cool the economy when inflation is high or lowering rates to stimulate economic growth when inflation is low.

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