Nominal GDP Targeting Implies That

question 37

Multiple Choice

Nominal GDP targeting implies that

• A)there is an implicit monetary policy tradeoff between inflation and unemployment
• B)the Fed will never have to adjust its monetary targets even if there is a shift in money demand
• C)the Fed will never have to make adjustments in its money stock targets as disturbances hit the economy
• D)the desire to maintain full employment outweighs any risk of an inflationary bias
• E)none of the above

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Definitions:

Outgroup Members

Individuals or groups perceived as not belonging to one's own group, which can affect attitudes and behavior towards them.

Conform

To adjust one’s behavior or thinking to coincide with a group standard.

Stereotypes

Oversimplified generalizations about groups of people that ignore individual differences.

Ambivalent Sexism

The pairing of hostile beliefs about women with benevolent but patronizing beliefs about them.