In a Move to Increase Its Openness,the Fed Has Consistently

question 33

Multiple Choice

In a move to increase its openness,the Fed has consistently increased the amount of information available to the public.According to the new classical model,the Phillips curve the Fed faces should become more:

• A)horizontal.
• B)very steep.
• C)vertical.
• D)unstable.

---

Definitions:

Presentment Warranty

Assurance given in a transaction that certain facts are true as of the time of the deal, generally related to financial instruments.

Draft

A preliminary version of a document, plan, or design that is open for discussion, revision, or improvement.

Forged

Refers to the illegal creation, alteration, or imitation of documents, signatures, or objects with the intent to deceive.

Unauthorized Drawer's Signature

A signature on a financial or legal document that was made without the consent or authorization of the person purported to have signed.