Which Statement Is TRUE of the State of Modern Macroeconomics

question 170

Multiple Choice

Which statement 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) The federal government indirectly controls the central bank 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:

Modal Class

The category or interval in a set of data with the highest frequency, often used in analyzing categorical or grouped numerical data.

Histogram

A graphical representation of data using bars of different heights, where each bar groups numbers into ranges, showing the frequency of data within each range.

Observations

Individual pieces of data collected during a study or experiment.

Relative Frequencies

The ratio of the number of times a particular value occurs to the total number of observations, often expressed as a percentage.