Setting an explicit numerical inflation target is most associated with the goal(s) of:

Question

Quizplus · Accepted Answer

Setting an explicit numerical inflation target provides transparency by giving the public and financial market participants a clear understanding of what the central bank is trying to achieve in terms of price stability. It also promotes accountability as the central bank can be held responsible for meeting the target. Therefore, both transparency and accountability are associated with the goal of setting an explicit numerical inflation target.

Setting an Explicit Numerical Inflation Target Is Most Associated with the Goal(s)