Question

The official policy position of the ECB is that:

a) stable prices should be its most important goal.
b) economic growth is necessary for monetary stability.
c) economic growth should be balanced against the control of inflation.
d) rising prices will benefit the weaker economies.
e) all of these objectives should be pursued.

Answer 1

The official policy position of the ECB is that all of these objectives should be pursued. The ECB aims to achieve stable prices, economic growth, and balanced inflation control.

Step-by-step explanation:

The official policy position of the ECB is that all of these objectives should be pursued. The ECB aims to achieve stable prices, economic growth, and balanced inflation control. The primary task of monetary policy is fighting inflation, as low inflation provides a better climate for a healthy and growing economy.