Some Members of the U

question 24

Multiple Choice

Some members of the U.S. Congress are opposed to inflation targeting because it might ________.

• A) give rise to a political business cycle
• B) expose Federal Reserve policies to public scrutiny
• C) result in higher unemployment
• D) undermine the independence of the central bank

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.