The Price Stability Strategy During the 1980s

Multiple Choice

The price stability strategy during the 1980s

A) was a reaffirmation of Keynesian principles.
B) asserts that the only proper objective of monetary policy was to achieve and maintain a very low and stable rate of inflation.
C) asserts that the only proper objective of monetary policy was to achieve and maintain a very high but stable rate of inflation.
D) asserts that the only proper objective of monetary policy was to achieve and maintain a very low even if unstable rate of inflation.
E) occurred first in Switzerland.