How Do Economists Generally Rate the Fed's Performance in the 1980s,1990s,and

question 36

Essay

How do economists generally rate the Fed's performance in the 1980s,1990s,and the early 2000s? Has the public been supportive of their policies? Is there anything on the horizon for the Fed that might cause the public concern?

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Definitions:

Evolutionary Psychology

A theoretical approach in psychology that examines human thoughts and behaviors in terms of their adaptive value and evolutionary history.

Societies' Norms

Shared standards or rules that define what behaviors are considered acceptable and unacceptable within a particular group or society.

Biologically Hardwired

Refers to traits, behaviors, or instincts that are innate and genetically programmed rather than learned or acquired.

Naturalistic Fallacy

A logical error of equating what is natural with what is morally right or desirable.