The Likelihood That the Fed Will Implement a Change That

question 3

Multiple Choice

The likelihood that the Fed will implement a change that will seriously harm the economy is minimized by the fact that:

• A) only bright, well-intentioned people are appointed to key roles at the Fed.
• B) Congress can remove the Chairman of the Fed at any time.
• C) the Board of Governors ultimately must answer to the U.S. President since he can replace them.
• D) there is decision making by committee.

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Definitions:

Brain Function

The activities and processes that the brain performs to support cognition, emotion, behavior, and physiological operations.

Behaviour

The actions or reactions of an individual in response to external or internal stimuli.

Actuarial Approach

An approach to evaluating and interpreting the data on patients, making predictions, and coming to decisions that rely exclusively on statistical procedures, empirical methods, and formal rules. See also clinical approach.

Equations

Mathematical statements that assert the equality of two expressions, often containing one or more variables.