The Bank of England,as Well as the ECB,put Price Stability

question 49

Multiple Choice

The Bank of England,as well as the ECB,put price stability first among all goals. This is known as a ________.

• A) hierarchical mandate
• B) dual mandate
• C) singular mandate
• D) ubiquitous mandate

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Definitions:

Professional Economists

Individuals specialized in the study and analysis of economics, often with a focus on researching, interpreting, and predicting economic trends and advising businesses, governments, or institutions.

Policy Issues

Concerns or problems that are the subject of public debate and governmental action, often requiring policy-making to address.

Council of Economic Advisers

A group of economists who advise the President of the United States on economic policy issues and trends.

Congressional Budget Office

A federal agency within the United States that provides economic data and budget and economic analyses to Congress.