Most Economists Think the Fed Should Target

question 264

Multiple Choice

Most economists think the Fed should target:

• A) income and output in the long run.
• B) price stability in the long run.
• C) price stability in the short run.
• D) the federal funds rate.

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Definitions:

Franchise

A licensing arrangement granting an individual or group the rights to market a company's goods or services within a certain territory.

Fixed Commission

A set fee or percentage of a transaction's value paid to agents or brokers for their services.

Sales Agents

Individuals or entities that are authorized to sell products or services on behalf of a company.

Pricing

The strategy or method a business uses to determine the cost to consumers for goods or services.