Defining what money is:
A. is easier to do in the long run than in the short run.
B. is the easiest, but least important part of monetary policy.
C. is easy to do, which explains why monetary policy is so effective.
D. isn't easy, and this makes monetary policy more difficult.
Ans: D. isn't easy, and this makes monetary policy more difficult.
You might also like to view...
The policy which holds that the federal government should not allow large financial firms to fail, for fear of damaging the financial system, is known as the ________ policy
A) too-big-to-fail B) Dodd-Frank C) mandatory bailout D) rational expectations
The theory that there are no predictable trends in securities prices that can be used to "get rich quick" is the
A) dartboard theory. B) random walk theory. C) Wall Street theory. D) inefficient market hypothesis.