Central Banks That Have a Hierarchical Mandate with Inflation Targeting

question 1

Multiple Choice

 Central banks that have a hierarchical mandate with inflation targeting basically are saying: ?

• A) hitting the inflation target is the first priority after all other stated objectives are reached.?
• B) hitting the inflation target is the only objective.?
• C) the inflation target is the second most important goal after economic growth, which is always the most important goal for monetary policymakers.?
• D) hitting the inflation target comes first, everything else comes second.

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Definitions:

Prussian

Pertaining to Prussia, a historically significant state in Europe, known for its powerful military and influential role in German and European affairs.

Austrian Armies

Refers to the military forces of Austria, historically significant for their roles in various European conflicts.

Revolutionary

A term referring to a dramatic and wide-reaching change in conditions, attitudes, or operation, especially in social and political contexts.

Seigneurial Courts

Judicial institutions in feudal societies where lords or nobles had the authority to adjudicate legal disputes among people living on their land.