Central banks can improve the welfare of a society by doing all of the following except:
A) serving the interests of government rather than the public at large.
B) helping to promote economic growth.
C) focusing on keeping the overall level of prices stable.
D) helping to reduce the volatility of business cycles.

Question

Quizplus · Accepted Answer

Serving the interests of government rather than the public at large would not necessarily improve the welfare of society, as it may neglect the needs and well-being of the citizens. The other options, promoting economic growth, keeping overall price stability, and reducing business cycle volatility, are all measures that can contribute to improving the welfare of society, as they can lead to increased employment, higher incomes, and a more stable and predictable economic environment.

Central Banks Can Improve the Welfare of a Society by Doing