The Proposition That the Fed Should Concentrate on Price Stability

question 45

Multiple Choice

The proposition that the Fed should concentrate on price stability rather than reducing unemployment is

• A)generally accepted by politicians, although few economists accept this proposal.
• B)largely accepted by most economists, although politicians do not agree.
• C)highly debatable because many do not agree that price stability should be the most important goal.
• D)simply incorrect, and no one accepts this idea anymore.

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Definitions:

Midstream Sample

A method of urine collection where the sample is taken not at the beginning or end of urination but in the middle, to reduce contamination.

Sterile Plastic Cup

A plastic cup that has been treated to ensure it is free from any bacteria, viruses, or other microorganisms.

Urine Test

A diagnostic analysis of urine by chemical, physical, or microscopic means to test for the presence of disease, drugs, or other substances.

Glucose Tolerance Test

A medical test measuring the body's ability to metabolize glucose and thus diagnose diabetes or prediabetes.