Which Statement Explains Why the Federal Reserve Has a Tough

question 90

Multiple Choice

Which statement explains why the Federal Reserve has a tough job?

• A) There are lags in the effects of monetary policy, and economic conditions continuously change.
• B) Legally they are not allowed to change the supply of money, they can only make recommendations to the President.
• C) It takes a long time for Congress to agree on a policy.
• D) They can change the supply of money but that doesn't affect spending or the rate of unemployment.

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Definitions:

Transference

A phenomenon in psychotherapy where a patient redirects feelings and desires originally felt towards a significant person to the therapist.

Cognitive Therapy

Cognitive therapy is a psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure, emphasizing the importance of thought patterns in psychological health.

Psychoanalytic Therapy

A therapeutic approach developed by Sigmund Freud, which argues that bringing unconscious thoughts and feelings to consciousness helps resolve psychological disorders.

Client-centred Therapy

A humanistic psychotherapy approach developed by Carl Rogers, emphasizing an empathetic, nonjudgmental therapist-client relationship and the client's potential for self-discovery and change.