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The Proposition That the Fed Should Concentrate on Price Stability

Question 45

Multiple Choice

The proposition that the Fed should concentrate on price stability rather than reducing unemployment is


A) generally accepted by politicians, although few economists accept this proposal.
B) largely accepted by most economists, although politicians do not agree.
C) highly debatable because many do not agree that price stability should be the most important goal.
D) simply incorrect, and no one accepts this idea anymore.

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