The FOMC No Longer Sets Targets for M1 and M2

question 144

True/False

The FOMC no longer sets targets for M1 and M2 to meet its goals of price stability and high employment.

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Definitions:

Quality Of Work

The degree to which a task or project is executed with excellence, precision, and effectiveness, meeting or exceeding standards.

Expectancy Theory

A motivational theory that suggests an individual's motivation is an outcome of how much an individual wants a reward (Valence), the assessment that the likelihood that the effort will lead to expected performance (Expectancy) and the belief that the performance will lead to a reward (Instrumentality).

Motivate Employees

The act of inspiring and encouraging workers to perform their duties effectively and with enthusiasm.

Valued Outcomes

Results or end-states that are deemed important, beneficial, or of significant worth by a person or group.