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If people have ________________, an announced monetary contraction by the Fed that is credible could reduce inflation with little or no increase in inflation.
Ethical
Ethical refers to principles that define behavior as right, good, and proper, often applied in moral philosophy or professional standards.
Ethical Relativism
The belief that morals are not absolute but vary with different societies and cultures.
Morality
Pertains to the principles concerning the distinction between right and wrong or good and bad behavior.
Relative
A person connected to another or others by blood or marriage, or a concept that is considered in relation or proportion to something else.
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