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Briefly Explain What Goes on in a Typical FOMC Meeting

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Essay

Briefly explain what goes on in a typical FOMC meeting.


Definitions:

Authoritative Leaders

Leaders who dictate policies and procedures, expecting followers to comply without questioning.

Kindness

The quality of being friendly, generous, and considerate towards others.

Appearance

The way that someone or something looks to others, including aspects of physical presentation, dress, and grooming.

French And Raven

Refers to a social psychology theory identifying five bases of power: legitimate, reward, coercive, expert, and referent.

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