The Suggestion That the Fed Concentrate Only on Reducing Inflation

question 212

Multiple Choice

The suggestion that the Fed concentrate only on reducing inflation is an attempt to

• A)stabilize the level of unemployment and inflation.
• B)shift the long-run Phillips curve to the right.
• C)improve the efficiency of the self-correcting mechanism.
• D)simplify demand management by focusing on only one goal.

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Definitions:

Privity of Contract

A principle indicating that only the parties involved in a contract have the rights and obligations arising from it.

Buyer's Obligation

A purchaser's duty to pay the agreed price for goods or services and to comply with the terms of the contract of purchase.

Credit Sale

A transaction where goods or services are provided in exchange for a promise to pay at a later date.

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The act of informing the seller about a relevant event, decision, or action, often as required by the terms of a contract or agreement.