The fundamental objective of monetary policy is to assist the economy in achieving

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The primary objective of monetary policy is to achieve full-employment, non-inflationary level of total output. This means that the economy should be operating at its maximum potential with low levels of inflation. Achieving economic growth or increasing the money supply may be a secondary objective, but the primary focus is on maintaining a stable and healthy economy. The gold standard is no longer used as a basis for monetary policy in most countries. Balanced budgets are important for fiscal policy, not monetary policy.

The Fundamental Objective of Monetary Policy Is to Assist the Economy