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What is the primary objective of monetary policy?
Practice Questions
Q1
What is the primary objective of monetary policy?
Control inflation
Increase government spending
Reduce unemployment
Regulate foreign exchange
Questions & Step-by-Step Solutions
What is the primary objective of monetary policy?
Steps
Concepts
Step 1: Understand what monetary policy is. It is the process by which a country's central bank manages the money supply and interest rates.
Step 2: Identify the main goals of monetary policy. The primary goal is to control inflation, which means keeping prices stable.
Step 3: Recognize that stabilizing the currency is also important. This means ensuring that the value of money remains consistent over time.
Step 4: Conclude that the primary objective of monetary policy is to control inflation and stabilize the currency.
No concepts available.
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