Those Who Prefer That the Fed React to Negative Supply

question 75

Multiple Choice

Those who prefer that the Fed react to negative supply shocks by tolerating higher rates of inflation as a means of moderating a recession are called

• A) inflation doves
• B) inflation hawks
• C) monetarists
• D) Keynesians
• E) hard headed and soft hearted

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Definitions:

Suryavarman II

An 11th to 12th-century Khmer king of Cambodia, best known for commissioning the construction of the Angkor Wat temple complex.

Angkor Wat

A temple complex in Cambodia and one of the largest religious monuments in the world, originally constructed as a Hindu temple dedicated to the god Vishnu for the Khmer Empire.

Vishnu

One of the principal Hindu deities, worshipped as the protector and preserver of the universe.

Torana

Gateway in the stone fence around a stupa, located at the cardinal points of the compass.