Examlex

Solved

The Tying Down of the Price Level to a Nominal

question 13

Multiple Choice

The tying down of the price level to a nominal variable by the central bank is known as committing to ________.


Definitions:

Stolon

Stem that grows horizontally along the ground and may give rise to new plants where it contacts the soil—e.g., the runners of a strawberry plant.

Bulb

An underground storage organ formed from swollen plant parts, containing nutrient reserves to support the plant's next cycle of growth.

Rhizome

Rootlike underground stem.

Corm

A rounded underground storage organ consisting of swollen stem tissue, covered with scaly leaves, found in some plants serving for food storage and to survive winter or dry months.

Related Questions