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:

Profit a Prendre

A right granted to an individual to take resources, such as minerals, fish, or timber, from the land of another.

Dominant Tenement

In property law, the estate that benefits from an easement that burdens a neighboring estate (the servient tenement).

Estate in Land

A legal interest or right in a property, determining the duration and nature of ownership.

Fee Simple

A legal term referring to the most extensive ownership interest in land that one can possess, which is unlimited in duration, inheritable, and not subject to any restrictions.