Examlex
Analysis of the transmission mechanisms of monetary policy provides four basic lessons for a central bank's conduct of monetary policy.These lessons include:
Effort
The amount of energy, time, or resources expended towards achieving a goal or completing a task.
External Justification
Refers to reasons or explanations provided for a person's behavior that lie outside the individual, often used to explain actions that contradict one's own beliefs or values.
Cognitive Dissonance
The psychological unease felt by someone who simultaneously maintains two or more conflicting beliefs, ideas, or values.
Theory of Reasoned Action
A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes toward the behavior and subjective norms.
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