"As Greenspan Chases Inflation, Critics Shout, 'Faster!

question 279

Multiple Choice

"As Greenspan Chases Inflation, Critics Shout, 'Faster!'
"For weeks, the Fed has broadcast its intention to raise interest rates glacially." The Fed was moving slowly, according to an economist because "... the declining price of oil, economic fundamentals, incl productivity and global competition, will keep inflation in check." The Fed, recognizing that the eco was improving stated it planned to "respond to changes in economic prospects as needed to fulfill i obligation to maintain price stability." Other economists disagree with the Fed's restrained policy "mistake"
Www) nytimes, 7/1/20
The goal of the Fed's policy in 2004 was to decrease

• A) the long- term interest rate
• B) consumption expenditure
• C) the exchange rate
• D) the short- term interest rate

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Definitions:

Personality Theory

A framework for analyzing and categorizing the psychological characteristics and behaviors that make each person unique.

Id

A component of Sigmund Freud's psychoanalytic theory, representing the instinctual drives and the source of psychic energy, operating according to the pleasure principle.

Superego

is a part of the personality in Freud's psychoanalytic theory, representing moral standards and ideals acquired from parents and society.

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.