Using the Traditional Tools of Monetary Policy the Federal Reserve

question 74

Multiple Choice

Using the traditional tools of monetary policy the Federal Reserve has direct control over _____ and through that an ability to impact ____.

• A)monetary base; short term interest rates
• B)long term interest rates; mortgage rates
• C)mortgage rates; real GDP
• D)unemployment; inflation

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Definitions:

Michael Omi

A sociologist best known for co-developing the theory of racial formation in the United States, which examines how social, economic, and political forces determine the content and importance of racial categories.

Howard Winant

An American sociologist known for his work on race and racism, particularly in the context of global and American society.

Race

A category of humankind that shares certain distinctive physical traits.

Class

A system of ordering society whereby people are divided into sets based on perceived social or economic status.