The key aim of monetary policy is to
A) change government spending to spur innovation.
B) maintain price stability.
C) change tax rates to boost investment.
D) change tax rates to boost saving.

Question

Quizplus · Accepted Answer

The primary goal of monetary policy, typically implemented by a country's central bank, is to maintain price stability. This involves controlling inflation and ensuring that the value of the currency remains stable, which is crucial for economic health and planning.

The Key Aim of Monetary Policy Is to