Inflation vs. Unemployment The European Central Bank (ECB) has been known for setting strict inflati

Inflation vs. Unemployment

The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, their monetary policy has been oriented towards maintaing price stability). Suppose they suddenly changed their minds and instead started focusing on low unemploymentas 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?

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