Critics of the Federal Reserve Maintain That, to Correct the Credibility

question 70

Multiple Choice

Critics of the Federal Reserve maintain that, to correct the credibility problem of monetary policy, the Fed should:

• A)tighten monetary policy.
• B)be required to maintain a growth rate of the money supply that is fixed by law.
• C)give more power to the Federal Open Market Committee.
• D)ignore public opinion and establish more discretionary power over monetary policy.
• E)merge with the U.S.Treasury and be dissolved as an independent agency.

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Definitions:

National Origin

The country where a person was born, or more broadly, where their ancestors came from, often used in discussions of discrimination or diversity.

Citizenship

The status of being a member of a country with certain rights and responsibilities under the country's law.

Unjust Enrichment

A legal concept where one person benefits at another's expense without legal justification, necessitating restitution to the aggrieved party.

Employment-At-Will Rule

A legal doctrine stating that an employment relationship can be terminated by either the employer or the employee at any time, for any reason not prohibited by law, without prior notice.