At the Beginning of the Twenty-First Century Most Economists

question 38

Multiple Choice

At the beginning of the twenty-first century most economists

• A)urged the Fed to focus on its goal of high employment.
• B)urged central banks to focus their energy on low inflation.
• C)believed the underlying inflation rate in the United States was higher than it had been in the late 1970s.
• D)were critical of the performance of Alan Greenspan has Chairman of the Fed.

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Definitions:

Dependent Variable

A variable in a scientific experiment that changes in response to the manipulation of the independent variable.

Independent Variable

In research, the variable that is manipulated to observe its effect on a dependent variable.

Dependent Variable

The dependent variable is the variable being tested and measured in an experiment or study, whose value is expected to change as a result of manipulations to the independent variable(s).