Central Banks That Have a Hierarchical Mandate with Inflation Targeting

question 40

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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