The Theory of Bureaucratic Behavior When Applied to the Fed

question 19

Multiple Choice

The theory of bureaucratic behavior when applied to the Fed helps to explain why the Fed

• A)was supportive of congressional attempts to limit the central bank's autonomy.
• B)was so secretive about the conduct of future monetary policy.
• C)sought less control over banks in the 1980s.
• D)was willing to take on powerful groups that may threaten its autonomy.

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Definitions:

Useless

Lacking usefulness or efficacy; not producing the desired effect or having no practical value.

Antecedent

The earlier element in a logical statement, usually preceding the consequence in a conditional sentence.

Consequent

The outcome or result in a conditional statement, typically following the word "then" in an "if...then" construct.

Proposition

A comment that denotes a judgment or viewpoint.