The Fed Has Attempted to Solve the Problems of Being

question 68

Multiple Choice

The Fed has attempted to solve the problems of being unable to directly control the variables that determine economic performance and the timing lags in observing and reacting to economic fluctuations by

• A)pressing Congress for legislation which would expand its powers.
• B)using targets to meet its goals.
• C)abandoning some goals in order to achieve others.
• D)devising new monetary policy tools.

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Definitions:

Creativity

The ability to generate new and original ideas, solutions, or products that are both novel and valuable.

Creative Problem Solving

An approach to finding innovative solutions to complex problems through creativity, brainstorming, and flexible thinking.

Stages

Sequential phases or steps in a process or development.

Directive Facilitator

A facilitator who leads a group by providing explicit instructions or directions to guide the process or discussion.