In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Targeting inflation comes from a belief that policy should be _________ and transparent, so that the private sector can factor this ___________ their decision-making. The question that this ________ is: are there more "complicated" policies which _________ better? I just note that one such policy is called "nominal income targeting". _____________ it is more complicated and the private sector is deemed to be intellectually challenged. are there more "complicated" policies which _________ better?
1. The powers to legislate with respect to any matter not enumerated in any of the three lists are mentioned as residuary powers. Which of the following is empowered to determine finally as to whether or not a particular matter falls in this category