This is the 4485th most frequent Korean word.
훌륭한
"훌륭한" means "excellent" or "outstanding."
In this sentence, '훌륭한' modifies the noun '음악' (music) to describe its exceptional quality.
훌륭한 음악은 사람의 마음을 움직인다.
Excellent music moves the human heart.
Here, '훌륭한' qualifies the phrase '경제 정책' (economic policy) indicating that it is of high merit and efficiency.
훌륭한 경제 정책이 나라의 번영을 가져올 것이다.
An excellent economic policy will bring prosperity to the country.
In this context, '훌륭한' is used to compliment the noun '선생님' (teacher) as being outstanding or exceptional.