When a Central Bank Reacts the Same Way to a Shock

question 96

Multiple Choice

When a central bank reacts the same way to a shock every time,it is likely using:

• A) policy discretion.
• B) a policy rule.
• C) a bandwagon policy.
• D) a wait-and-see policy.

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Definitions:

Counseling Psychologists

Professionals who specialize in providing therapy to help individuals improve their well-being, mitigate distress, resolve crises, and increase their ability to function.

Clinical Psychologists

Professionals skilled in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior through psychotherapy.

Exposure and Response Prevention

A cognitive-behavioral therapy technique used primarily for OCD, involving exposure to feared stimuli and prevention of the subsequent compulsive response.

Cognitive-Behavioral Therapy

A form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.