In part because of Germany's terrible experience with hyperinflation,the European Central Bank places more emphasis on ________ than does the Federal Reserve.
A) minimum employment levels
B) maximum employment levels
C) price stability
D) zero inflation

Question

Quizplus · Accepted Answer

The European Central Bank places more emphasis on price stability than the Federal Reserve, in part due to Germany's hyperinflation experience. This means that the ECB focuses on keeping inflation low and stable, while the Fed has a dual mandate to focus on both maximum employment levels and inflation.

In Part Because of Germany's Terrible Experience with Hyperinflation,the European