Which of the Following Is False

question 8

Multiple Choice

Which of the following is false?

• A)There is very little that policymakers can do today to materially affect the current performance of the economy.
• B)The Fed's actions or its failure to take action today may aggravate inflation and cyclical fluctuations later.
• C)Increasing interdependence among the economies of the world implies that U.S. policymakers have more control over the performance of the U.S economy than they had in the past.
• D)The rationale behind intermediate targets is this: If the Fed hits the intermediate target, it will come reasonably close to achieving its economic objectives.

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Definitions:

Psychosis

State involving a loss of contact with reality as well as an inability to differentiate between reality and one’s subjective state.

American Law Institute (ALI) Rule

A legal standard for insanity that assesses whether a defendant lacked the capacity to understand the wrongfulness of their actions or conform their conduct to the law due to mental illness.

M'Naghten Rule

A legal principle that excuses a defendant from liability if at the time of the crime, they were suffering from a mental illness that prevented them from understanding the nature of their actions or knowing right from wrong.

Durham Rule

A legal standard used to determine insanity, stating that an accused is not criminally responsible if the unlawful act was the product of mental disease or defect.