A central bank with a hierarchical mandate will seek ________ as a condition of pursuing other goals.
A)stable inflation
B)high employment
C)moderate interest rates
D)the approval of the legislature
E)none of the above

Question

Quizplus · Accepted Answer

A central bank with a hierarchical mandate will prioritize stable inflation above other goals, such as high employment or moderate interest rates. This means that the central bank may adjust its policies to maintain price stability even if it means sacrificing other objectives.

A Central Bank with a Hierarchical Mandate Will Seek ________