Which of the Following Statements Is TRUE of the State

question 215

Multiple Choice

Which of the following statements is TRUE of the state of modern macroeconomics?

• A)There is much more consensus than disagreement among economists.
• B)Inflation targeting and asset price management are incompatible duties for a central bank.
• C)Congress indirectly controls the Fed and monetary policy through its annual budget allocations.
• D)The Great Recession heightened the areas of disagreement among macroeconomists over key policy questions.

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Definitions:

Reactive

Reactive, in an electrical context, relates to components or systems that store energy temporarily in electric or magnetic fields, affecting phase angles between voltage and current.

Inductive

Pertaining to inductance, the property of an electrical conductor by which a change in current through it induces an electromotive force (EMF) in both the conductor itself and in any nearby conductors by mutual inductance.

Capacitive

Related to the ability of a system or component to store charge and energy in the electric field, characteristic of capacitors or systems with capacitive elements.

Ripples

Fluctuations or variations in the output voltage of a power supply, often resulting from incomplete suppression of AC waveform within DC output.