In General,the Fed Has Not Embraced a Fixed-Growth-Rate Monetary Policy

question 86

Multiple Choice

In general,the Fed has not embraced a fixed-growth-rate monetary policy because:

• A)its adoption would lead to a decrease in the employment rate in the U.S.economy.
• B)no influential economists have come out in favor of it.
• C)the Fed has to report to Congress,and Congress is not in favor of it.
• D)the Fed prefers active fiscal policy.
• E)they believe the economy is too complex to make such a policy work consistently.

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Definitions:

Fixed Budgets

Financial plans that allocate a predetermined amount of resources for a specific period, not allowing for modifications based on actual income or expenses.

Policies and Procedures

Established guidelines and methods of operation that an organization sets to regulate its activities and achieve objectives efficiently and in compliance with legal standards.

Single-use Plans

Specific actions or strategies designed to address a particular problem, goal, or project, and not intended for repeated or continual use.

Budgets

Financial plans that allocate resources, project revenues and expenses, and guide spending and investment decisions over a specific period.