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:

Letter of Transmittal

A document that accompanies a report or a proposal, summarizing its contents and specifying the receiver's action.

Same Organization

A term referring to entities, departments, or individuals that belong to or operate under the same broader institution or company.

Feasibility Report

An analysis that evaluates the practicality and potential success of a proposed project or system.

Possibility

A thing that may happen or be the case, highlighting potential or latent opportunities.