The Fed Has the Least Degree of Discretion and the Least

question 102

Multiple Choice

The Fed has the least degree of discretion and the least to do under a policy rule setting

• A)the growth rate of money.
• B)the growth rate of high-powered money.
• C)the Federal funds rate.
• D)nominal GDP.

---

Definitions:

Culture-Bound

Refers to behaviors, beliefs, or practices that are deeply rooted in and unique to a specific culture.

Proximity

is the state of being near or close in distance or relationship.

Zone

An area or a section designated for a particular purpose or characterized by a particular feature.

Edge

A competitive advantage that sets an individual, company, or product apart from others.