Ben Bernanke has suggested that a core inflation rate of ________ is the equivalent of price stability.
A) between 1 percent to 2 percent
B) zero
C) less than 5 percent
D) less than zero

Question

Quizplus · Accepted Answer

In his time as Chairman of the Federal Reserve, Bernanke had indicated that a core inflation rate of 1-2% would be consistent with the Fed's price stability mandate, as it would allow for some price movements and variations in the economy without causing significant harm.

Ben Bernanke Has Suggested That a Core Inflation Rate of ________