Which of These Quotes from the Text Captures What Makes

question 216

Multiple Choice

Which of these quotes from the text captures what makes central banking difficult?

• A) "No one can foresee the future."
• B) "We cannot avoid all recessions."
• C) "Markets, however, do not always align self-interest with social interest."
• D) "In some situations the Fed must accept a certain amount of either inflation or unemployment."

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Definitions:

Direct Evidence

Evidence that directly proves a fact without the need for any inference or presumption, such as testimony from a witness about what they personally observed.

Circumstantial Evidence

Evidence that relies on an inference to connect it to a conclusion of fact, such as a fingerprint at the scene of a crime, rather than direct evidence like eyewitness testimony.

Existence

The state or fact of being real, present, or in operation.

Circumstantial Evidence

Indirect evidence that implies a fact but does not directly prove it.