The Output Gap Can Be Used to Estimate the Extent

question 175

Multiple Choice

The output gap can be used to estimate the extent to which the Fed misses its goal of

• A) maximum employment.
• B) stable prices.
• C) moderate long-term interest rates.
• D) monetary policy.

---

Definitions:

IR Absorption

A technique in spectroscopy where molecules absorb infrared light, causing vibrational transitions, used to identify chemical compounds.

IR Absorption

The process by which molecules absorb infrared radiation at specific wavelengths corresponding to vibrations of molecular bonds.

Characteristic IR Stretches

Characteristic Infrared (IR) Stretches are specific absorption bands in IR spectroscopy that correspond to the vibrations of molecular bonds, helping to identify functional groups within a molecule.

C≡C Stretch

A vibrational mode observed in infrared spectroscopy, characteristic of the stretching of a carbon-carbon triple bond.