What area of public policy stresses the importance of reducing inflation at all costs through control of the money supply?

Question

Quizplus · Accepted Answer

Monetary policy is the area of public policy that stresses the importance of reducing inflation at all costs through control of the money supply. It is the responsibility of the central bank in a country to implement monetary policy by adjusting interest rates and the money supply to meet economic goals, such as maintaining price stability and promoting growth. Fiscal policy, economic development policy, economic regulatory policy, and trade and tariff policy all have different goals and objectives than controlling inflation through the money supply.

What Area of Public Policy Stresses the Importance of Reducing