THE FED’S USE OF THE FEDERAL FUNDS RATE AS AN OPERATING TARGET IN...

85) - TEST BANK CHAPTER 18 CONDUCT OF MONETARY POLICY GOALS AND TARGETS TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 18 CONDUCT OF MONETARY POLICY GOALS AND TARGETS TÀI CHÍNH TIỀN TỆ
85) The Fed’s use of the federal funds rate as an operating target in the 1970s (a) resulted in countercyclical monetary policy. (b) resulted in too slow growth in M1 throughout the decade. (c) resulted in procyclical monetary policy. (d) resulted in too rapid growth in M1 throughout the decade. (e) resulted in none of the above. Answer: C Question Status: Previous Edition