The Theory of Bureaucratic Behavior When Applied to the Fed

question 72

Multiple Choice

The theory of bureaucratic behavior when applied to the Fed helps to explain why the Fed

• A) is supportive of congressional attempts to limit the central bank's autonomy.
• B) is secretive about the conduct of future monetary policy.
• C) sought less control over banks in the 1980s.
• D) is willing to take on powerful groups that may threaten its autonomy.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities that occur over the course of a person's life, influencing abilities in problem solving, learning, and reasoning.

Piaget's Stages

A theory of cognitive development that outlines how a child's ability to think progresses through four distinct stages.

Preoperational Stage

A stage in Piaget's theory, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking, egocentrism, and a lack of logical reasoning.