Concerning Monetary Policy, Which of the Following Is Correct

question 161

Multiple Choice

Concerning monetary policy, which of the following is correct?

• A) The Federal Reserve is responsible for conducting monetary policy.
• B) The U.S. Treasury controls the money supply through its buying and selling of U.S. securities.
• C) The Treasury is a monetary agency with responsibilities very similar to those of the Fed.
• D) The Federal Reserve System issues U.S. securities.

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Definitions:

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Unconditional Response

A natural, unlearned reaction to an unconditioned stimulus, a term primarily used in the context of classical conditioning in behavioral psychology.

Primary Circular Reaction

The term Piaget used to describe the infant’s tendency to repeat pleasurable bodily actions for their own sake.

Sucks His Fingers

A natural reflex for infants, often for comfort or self-soothing.