The Reason Why Some Economists Believe That Attempts by the Central

question 41

Multiple Choice

The reason why some economists believe that attempts by the Central Bank to surprise the public in a systematic way cannot be successful is that

• A)information about the Bank's plans will inevitably be leaked to the public.
• B)the Bank announces its goals and publishes its policy actions six weeks after they take place.
• C)the public would eventually figure out what the Bank's policies were,negating the Bank's surprise.
• D)competition in the money markets would neutralize the Bank's intervention.

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Definitions:

Economy

The system by which goods and services are produced, distributed, and consumed in a society, encompassing various sectors and industries.

Essential Infrastructure

Fundamental facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function.

Six Sigma

A set of techniques and tools for process improvement, aimed at reducing defects and improving quality in manufacturing and business processes.

Company-Wide Quality

A commitment to excellence throughout all aspects and levels of a business.