Examlex
Which of the following is not a principle of the administrative approach to management?
Price Level
The general level of prices for goods and services in an economy, often measured by a price index.
Federal Reserve
The central banking system of the United States, which conducts the nation's monetary policy, regulates banks, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions.
Monetary Policy
Economic policy tools used by a central bank to control the supply of money, aiming to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.
Interest-Rate Targets
The specific interest rates that central banks aim for in their monetary policy operations to influence economic conditions.
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