Intermediate Targets Are

question 11

Multiple Choice

Intermediate targets are

• A) interim goals set on the way to fully achieving policy goals.
• B) targets for policy goals that are of secondary importance.
• C) targets the Fed hopes to achieve by June of each year.
• D) financial variables, such as interest rates or monetary aggregates, the Fed believes will help it to achieve policy goals.

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Definitions:

Binomial Distribution

a probability distribution describing the number of successes in a fixed number of independent Bernoulli trials, with a constant probability of success.

Bernoulli Experiment

A random experiment with exactly two possible outcomes, often termed success and failure.

Probability Density Function

A Probability Density Function (PDF) is a function that describes the relative likelihood for a continuous random variable to take on a given value.

Expected Value

A statistical measure that calculates the average outcome of a random variable after many repetitions of an experiment.