Most Economists Think the Federal Reserve Should Target

question 14

Multiple Choice

Most economists think the Federal Reserve should target

• A) income and output in the long run.
• B) price stability in the long run.
• C) price stability in the short run.
• D) the federal funds rate.

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Definitions:

Disjunctive Syllogism (DS)

A form of logical argument where, from two disjunct statements, the denial of one leads to the affirmation of the other.

Constructive Dilemma (CD)

A form of argument where, given premises that jointly imply two conclusions, if one of them is true, then so is the other.

Atomic Sentences

Simple statements in logic that contain no logical connectives or quantifiers, expressing a basic claim.

Truth Table

A mathematical table used in logic to determine the veracity of various propositions under all possible scenarios.