Most economists agree that the long-term goal of monetary policy is keeping interest rates as low as possible.

Question

Quizplus · Accepted Answer

The statement is false. While keeping interest rates low can be a tool of monetary policy, the long-term goal is typically more focused on maintaining price stability and promoting economic growth. Additionally, there may be times when higher interest rates are necessary to achieve these goals.

Most Economists Agree That the Long-Term Goal of Monetary Policy