(Last Word) Market Monetarists Advocate That the Fed "Target the Forecast

question 182

Multiple Choice

(Last Word) Market monetarists advocate that the Fed "target the forecast" (of the predicted nominal GDP growth rate) , claiming primarily that it will

• A)promote economic stability by ensuring that total spending will grow at a predictable rate each year.
• B)prevent high rates of inflation.
• C)keep the economy at its natural rate of unemployment.
• D)prevent real GDP from growing too much.

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Definitions:

Racist

An individual who believes in the superiority of one race over others and may discriminate or express prejudice based on racial characteristics.

Milgram's Experiment Variation

Milgram's Experiment Variation refers to any of the numerous adaptations or modifications of the original 1960s experiment by Stanley Milgram that studied obedience to authority by instructing participants to administer electric shocks to another person.

Confederate

An individual or entity that is part of a coalition or group aimed at achieving a common goal.

Shocks

Sudden and often violent disturbances or fluctuations in a physical system, economy, or within a psychological context.