Which of the Following Statements Is Correct,concerning Price Stability as a Monetary

question 78

Multiple Choice

Which of the following statements is correct,concerning price stability as a monetary goal?

• A) In the long run, no inconsistency exists between the price stability goal and the other goals, such as high unemployment.
• B) In the short run price stability often conflicts with the goals of high employment and interest-rate stability.
• C) Neither A nor B is true.
• D) Both A and B are correct.

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Definitions:

Rigidity

The lack of flexibility or the refusal to change opinions, behaviors, or procedures despite new information or changing circumstances.

Competent Manager

An individual who possesses the necessary skills, knowledge, and attitude to effectively lead and manage a team or project.

Performance Excellence

Achieving outstanding results and quality in tasks or duties.

Benchmarking

A process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.