Central banks that have a hierarchical mandate with inflation targeting basically are saying: ?
A) hitting the inflation target is the first priority after all other stated objectives are reached.?
B) hitting the inflation target is the only objective.?
C) the inflation target is the second most important goal after economic growth, which is always the most important goal for monetary policymakers.?
D) hitting the inflation target comes first, everything else comes second.
Correct Answer:
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