A Clear-Cut "Rules Versus Discretion" Debate Is No Longer Possible

question 73

Multiple Choice

A clear-cut "rules versus discretion" debate is no longer possible because those economists advocating rules for ________,such as ________,must leave the Fed with plenty of discretionary power.

• A)policy instruments,the money supply
• B)policy instruments,the inflation rate
• C)target variables,the money supply
• D)target variables,the inflation rate

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Definitions:

Exposure

The state of being exposed to contact with something, in marketing, it refers to the number of times a consumer encounters a brand or product.

Nordstrom Rack

A retail division of Nordstrom, Inc. that sells clearance and off-season branded clothing and accessories at a reduced price.

Off-price Retailer

is a type of retailer that offers high-quality goods at lower prices than those of conventional retailers by buying overstocked or out-of-season items from manufacturers.

Full-line Discount

Retailers that offer a wide range of products from various categories at discounted prices, aiming to be a one-stop shop for consumers.