If the Fed's Strategy for Conducting Monetary Policy Is Thought

question 60

Multiple Choice

If the Fed's strategy for conducting monetary policy is thought of as a game plan that proceeds in stages,then the game plan can be summarized as follows:

• A) The Fed selects its policy goals, then the intermediate targets consistent with achieving its policy goals, then the operating targets consistent with its intermediate targets. Finally, it adjusts its policy tools to effect the desired targets and goals.
• B) The Fed selects its policy goals, then the operating targets consistent with achieving its policy goals, then the intermediate targets consistent with its operating targets. Finally, it adjusts its policy tools to effect the desired targets and goals.
• C) The Fed selects its policy goals, then the intermediate targets consistent with achieving its policy goals, then the policy tools consistent with its intermediate targets. Finally, it adjusts its operating targets to effect the desired targets and tools.
• D) The Fed selects its policy tools, then the operating targets consistent with achieving its policy tools, then the intermediate targets consistent with its operating targets. Finally, it adjusts its policy goals to effect the desired targets and tools.
• E) None of the above.

Recognize the potential for controlling behavior using Skinner's methodologies.

Discuss the implications of Skinner's work for the study and practice of psychology, especially concerning observable behavior.

Describe the effects of reinforcing behavior and how it can shape behavior.

Explain the distinction between respondent and operant behavior.

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Definitions:

Empathy And Tact

The combination of being able to understand another's feelings and responding in a considerate and effective manner.

Unifying Quality

A characteristic or attribute that brings or holds elements together in a coherent or cohesive manner.

Closing Sentence

The final sentence in a paragraph or document, meant to provide a sense of conclusion or sum up the main idea.

Counterproposal

A proposal offered in response to another proposal, typically aiming to negotiate or compromise on the original terms.