What is the main difference between maximum employment and price stability?
Powell Says Fed 'Some Way Away' From Progress on Jobs

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maximum employment has a clear numerical target.
Price stability involves monitoring a broad range of data.
Maximum employment does not have a single numerical target.
Price stability is not related to labor market data.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor considered in assessing maximum employment?
Unemployment rates among different age groups
Participation rates
Interest rates
Wages
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of monitoring a broad range of labor market data?
To understand the overall picture of maximum employment
To set a fixed numerical target for employment
To focus solely on unemployment rates
To determine interest rate policies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by 'substantial further progress' towards maximum employment?
Seeing strong job numbers
Achieving a fixed unemployment rate
Increasing interest rates
Reducing wages significantly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the strategy for achieving maximum employment involve communication?
By providing advance warnings and clarity
By setting a fixed numerical target
By ignoring labor market data
By focusing only on unemployment rates
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