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In chapter 11 three goals of monetary policy were discussed including: price level stability, high employment, and financial market stability. If you were in charge
In chapter 11 three goals of monetary policy were discussed including: price level stability, high employment, and financial market stability. If you were in charge of the Fed:
Rank the goals in order of priority.
- Which one of these goals would you be most concerned about achieving?
- Explain why do you think it is more important than others.
- Can these goals be achieved simultaneously or is there a trade-off among them?
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