Question

Recommendations to the MPC to keep the CPI within the target range

Answer 1

Answer:

MPC is Marginal Propensity to Consume and CPI is the Consumer Price Index. MPC shows the change in the income of people, which gets consumed due to the simultaneous increase in the price of the product. CPI is the weighted average of the cost of goods one purchases.

Explanation:

When there is an increase in the income, and there is not any much change in the market, then to keep the target of the CPI same, what is needed is to halt the increase of consumption, due to raising of income.

Answer 2

MPC is the Monetary Policy Committee.

Explanation:

• MPC conduct the monetary policy to maintain the consumer price index inflation.
• MPC is consious to maintain the inflation rate within 4 percentage.
• It will try to prevent the inflation before it occurs.
• This monetary committee can increase interest rates to reduce consumer spending at the time increasing inflation above the government target level.
• Monetary Policy Committee maintain the Consumer Price Index inflation rate keep on track.
• The governor of Reserve of India is he chairman of monetary policy committee.
• Currently, Shaktikanta Das is the chairman of MPC.

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