Which of the following is the ultimate goal of monetary policy?
A)Complete removal of income inequality
B)Economic growth with price stability
C)Free trade
D)Balanced budget
E)Economic welfare

Question

Quizplus · Accepted Answer

The ultimate goal of monetary policy is to promote economic growth while ensuring price stability. This means maintaining low inflation rates while also facilitating economic development, job creation, and economic stability. While promoting economic welfare may be a desired outcome of monetary policy, it is not the sole or ultimate goal. Complete removal of income inequality and free trade are also not the ultimate goals of monetary policy. A balanced budget is a goal of fiscal policy, not monetary policy.

Which of the Following Is the Ultimate Goal of Monetary