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Which is easier for the European Central Bank to control: inflation or unemployment? Discuss.

Which is easier for the European Central Bank to control: inflation or unemployment? Discuss.

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Answer #1
  • The European central Bank's main role is to control Inflation.
  • It aids European economies through its monetary policy.
  • ECB has engaged in expansion of monetary policy tool kit to bring back inflation to its objective.
  • Its main aim is to keep prices stable there by supporting Economic growth and making Inflation stable.
  • It uses an inflation targeting strategy to maintain price stability, enables citizens and companies to stabilize inflation and the economy..
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