In recent decades,the trend among central banks has been to adopt ________.
A)high employment as a central goal
B)a dual mandate that gives equal weight to both price stability and low unemployment.
C)price stability as a central goal
D)a target of zero inflation
E)none of the above

Question

Quizplus · Accepted Answer

The trend among central banks in recent decades has been to adopt price stability as a central goal. This means that central banks aim to maintain low and stable inflation rates. While some central banks, like the Federal Reserve in the United States, have a dual mandate that gives weight to both price stability and low unemployment, price stability has remained a central goal for most central banks around the world.

In Recent Decades,the Trend Among Central Banks Has Been to Adopt