A Central Feature of Monetary Policy Strategies in All Countries

question 14

Multiple Choice

A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal

• A)anchor.
• B)benchmark.
• C)tether.
• D)guideline.

---

Definitions:

Job Enlargement

The process of adding more tasks to a job to increase its scope and the variety of work performed.

Worker Dissatisfaction

A state where employees are unhappy and dissatisfied with their job conditions, leading to lower productivity and morale.

Basic Task

The fundamental duties or responsibilities associated with a specific job or role within an organization.

Job Characteristics Approach

The job characteristics approach is an alternative to job specialization that takes into account the work system and employee preferences; it suggests that jobs should be diagnosed and improved along five core dimensions.