Which of the Following Is True About the Federal Reserve

question 129

Multiple Choice

Which of the following is true about the Federal Reserve and its ability to prevent recessions? The Federal Reserve

• A)does not try to eliminate recessions,but instead focuses on preventing inflation.
• B)can fine tune the economy and realistically hope to keep the economy from experiencing recessions.
• C)cannot realistically fine tune the economy,but seeks to keep recessions shorter and milder than they would otherwise be.
• D)cannot realistically fine tune the economy and has little to no effect on the magnitude and length of recessions.

---

Definitions:

Implied in Law

describes obligations or rights that are not explicitly stated but are inferred by legal principles or statutes to ensure fairness and justice.

Unjust Enrichment

A legal principle that occurs when one person is unfairly enriched at the expense of another, and the law demands restitution to the aggrieved party.

Executory Contract

A contract under which both parties have not yet fully performed their contractual obligations.

Genuine Contracts

Contracts that are legally binding and enforceable, characterized by mutual assent, consideration, capacity, and legality.