The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, their monetary policy has been oriented towards maintaining price stability). Suppose they suddenly changed their minds and instead started focusing on low unemployment as their main goal. Discuss and describe the possible impacts of this change! What would be the problems ECB will face in the context of this new approach?

Answer rating: 100% (QA)

AnsAs it iss known that decreased unemployment ie increased levels of employment in an economy will ... View the full answer