How Does the ECB Choose to Define Price Stability

question 26

Multiple Choice

How does the ECB choose to define price stability?

• A) Eurozone consumer price inflation of less than but close to 2% per year over the medium term
• B) consumer price inflation of greater than but close to 3% per year over the medium term in all Eurozone countries
• C) Eurozone consumer price inflation equal to 0% per year over the medium term
• D) Eurozone consumer price inflation less than but close to 5% per year over the medium term

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Definitions:

Synaptic Cleft

The synaptic cleft is the narrow gap between the terminal button of a neuron and the membrane of another neuron or muscle cell, through which neurotransmitters are released.

Concentration Differences

Variations in the amount of a particular substance across different spaces or mediums, often leading to diffusion.

Higher Concentration

Refers to a situation where there is a greater amount of solute per unit volume of solvent in one part of a solution or mixture compared to another.

Inside Cell

Pertaining to the internal environment or components within a cell, including organelles, cytoplasm, and genetic material.