Price Stability

question 105

Multiple Choice

Price stability

• A)Is defined as a 0 percent rate of inflation in the Full Employment and Balanced Growth Act of 1978.
• B)Is targeted at a 3 percent rate of inflation by Alan Greenspan,the head of the Federal Reserve.
• C)Has been officially set by Congress at 3 percent or less.
• D)Has been achieved consistently in the 20th century in the United States.

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Definitions:

Reasonable Person Test

A legal standard used to determine whether an individual's behavior can be considered reasonable under particular circumstances, compared to how a typical person might act.

Defendant

An entity, firm, or person facing legal action or charges in a legal forum.

Duty of Reasonable Care

An obligation to act with the level of care, attention, and prudence that a reasonable person would under the same circumstances to prevent harm to others.

Abnormally Dangerous Activity

An activity that carries a high risk of harm or damage that cannot be completely guarded against through the exercise of reasonable care and which is not commonly performed in the area.