The Fed

question 276

Multiple Choice

The Fed

• A)can easily distinguish the minor ups and downs of the economy from a recession.
• B)can have difficulty distinguishing the minor ups and downs of the economy from a recession.
• C)always times its policy responses correctly.
• D)can easily determine if a drop in production means a recession is inevitable.

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Definitions:

Precedent

A legal principle or rule established in a previous legal case that is either binding or persuasive for a court when deciding subsequent cases with similar issues or facts.

Legislation

Laws and statutes enacted by a governing body to regulate, authorize, sanction, grant, declare, or restrict.

CRTC

The Canadian Radio-television and Telecommunications Commission, a regulatory agency for broadcasting and telecommunications.

Administrative Tribunal

A quasi-judicial body established to handle disputes regarding administrative decisions made by governmental agencies.