Which of These Policy Targets Does NOT Provide a "Nominal

question 109

Multiple Choice

Which of these policy targets does NOT provide a "nominal anchor?"

• A)high-powered money
• B)the unemployment rate
• C)the money supply
• D)the inflation rate

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Definitions:

Restraint Of Trade

Any activity or agreement that restricts competition or interferes with free commerce in the marketplace.

Courts

are judicial institutions with the authority to settle disputes, interpret the law, and administer justice in civil, criminal, and administrative matters.

Usury Statutes

Laws that set maximum interest rates that can be charged on loans, to protect consumers from excessively high rates.

Maximum Rates

The highest interest rate or charge that can be applied to a loan or transaction, as regulated by law or policy.