Which of the Below Statements Is FALSE

question 5

Multiple Choice

Which of the below statements is FALSE?

• A) An important source of inflation is an economic shock in the supply of a crucial material, such as the oil shocks of the 1970s, which affected almost all countries.
• B) It is important to realize that high employment is one of the Fed's goals because, in certain circumstances, the Fed's policy can indirectly influence the level of employment.
• C) Given that zero unemployment is not a feasible aim, the appropriate goal of the Fed and other governmental policy makers is actually a high level of employment.
• D) Stability in the price level is a secondary goal of the Fed.

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Definitions:

Middle Eastern

Relating to the geographical region that encompasses Western Asia and Egypt, characterized by its diverse cultures, languages, and histories.

Cultural Assimilation

The process by which individuals or groups of differing cultures come to adopt the cultural norms of another, dominant culture, often leading to the loss of distinctive cultural identities.

Socioeconomic Ladder

A conceptual metaphor describing the hierarchical structure of social and economic status, where individuals or groups are ranked based on income, education, and occupation.

Cultural Legacy

Refers to the elements, values, beliefs, and practices that are passed down through generations within a community or society.