In the Context of Monetary Policy, Which of the Following

question 98

Multiple Choice

In the context of monetary policy, which of the following might be a passive rule?

• A) unemployment insurance
• B) a progressive income tax
• C) a regressive income tax
• D) transfer payments
• E) money supply growth at a predetermined rate

---

Definitions:

Union Employee

A worker who is a member of a labor union, which represents their interests in negotiations with employers.

Wage Increase

An upward adjustment in the amount of money paid to an employee for their work, typically expressed as a percentage of their current wage.

National Income

The total value of all goods and services produced by a country's economy in a given year, after adjusting for income received from abroad.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, and health.