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Monetary Policy Rules Are Risky Because I

question 65

Multiple Choice

Monetary policy rules are risky because I. the severity and nature of economic fluctuations are unpredictable. II. Fed Chairs have counseled against the use of rules to influence the economy. III. unexpected shocks may occur that require emergency action by the Fed.

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Definitions:

Normative Constructions

Socially established norms and expectations that guide behavior and understanding within a society.

Sex and Gender

The distinction between sex, a biological categorization based on reproductive physiology, and gender, a social construct related to roles, behaviors, and identities.

Emphasized Femininity

The normative ideal of femininity, based on women’s compliance with their subordination to men.

Prevalent Form

The most common or widespread type or variation of something in a particular area or context.

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