Which of the Following Schools of Thought Criticized the Fed's

question 16

Multiple Choice

Which of the following schools of thought criticized the Fed's policy of targeting interest rates?

• A)The new Keynesians
• B)The Keynesians
• C)The monetarists
• D)The classical economists
• E)The new classical economists

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Definitions:

Biological Drives

Innate impulses rooted in biology that drive behavior, such as hunger, thirst, sexual desire, and self-preservation.

Social Patterns

Repeated behaviors, practices, or trends observed within societies that reflect collective social norms and values.

Individualism

A theory supporting the idea that individuals should have more personal freedom rather than being controlled by the state or a group.

Social Class

The social structural hierarchical position groups hold relative to the economic, social, political, and cultural resources of society.