What Does the Time Inconsistency of Monetary Policy Mean

What does the time inconsistency of monetary policy mean?

A) It means that once people have formed expectations of low inflation based on a promise by the central bank, the central bank is tempted to raise inflation to lower unemployment.
B) It means that at some times central banks think it is more important to keep unemployment low; at other times, they think it is more important to keep inflation low.
C) It means that monetary policy is not consistent across time because it is influenced by politics.
D) It means that monetary policy cannot be consistent across time because the rate of inflation is fluctuating.

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