In 2012, the Fed Adopted a Flexible Version of

question 222

Multiple Choice

In 2012, the Fed adopted a flexible version of

• A)a monetary-growth rule.
• B)inflation targeting.
• C)a balanced-budget policy.
• D)a do-nothing approach.

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Definitions:

Laws of Physics

The laws of physics are the fundamental principles that describe the behavior of the physical universe, including concepts of energy, motion, forces, and matter interactions.

Sunlight

the light and energy that comes from the sun, essential for photosynthesis in plants and influencing Earth's climate and weather.

Second Law

Also known as the second law of thermodynamics, it states that the total entropy of an isolated system can never decrease over time, and is central to the direction of heat transfer and the efficiency of heat engines.

Entropy

A measure of the disorder or randomness in a system, often associated with the second law of thermodynamics.