The Fed's Main Focus in the Years 2010-2014 Following the Credit

question 44

True/False

The Fed's main focus in the years 2010-2014 following the credit crisis was on controlling inflation.

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Definitions:

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible.

Net Efficiency

A measure of the effectiveness of an operation, typically calculated as the ratio of useful output to total input, factoring in losses and waste.

Remittances

Money sent by migrants to their home country, often to support family members.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location.