Economists Who Believe That the Federal Reserve Is Likely to Make

question 141

Multiple Choice

Economists who believe that the Federal Reserve is likely to make lots of mistakes in the implementation of monetary policy believe:

• A) in monetary policy discretion.
• B) in monetary policy run by the federal government.
• C) in monetary policy rules.
• D) that the Federal Reserve should be abolished.

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Definitions:

Artificially Excludable

Describes goods or services from which individuals can be prevented from using unless they comply with certain conditions, despite there being no natural reason for exclusion.

License Fee

A charge paid for obtaining legal permission to carry out a particular activity or to use a particular piece of intellectual property.

Marginal Social Benefit

The additional benefit to society as a whole from the production or consumption of one more unit of a good or service.

Security Guard

A person employed to protect property, assets, or individuals, often through surveillance, patrolling, and enforcing safety protocols.