THE FED’S FAILURE TO EXERCISE EFFECTIVE CONTROL OVER THE MONEY SUP...

97) - 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
97) The Fed’s failure to exercise effective control over the money supply during the 1979–1982 period (a) proves that such control is not possible. (b) resulted because forces outside of its control removed the link between open market operations and the money supply. (c) occurred despite evidence of a strong link between open market operations and the money supply. (d) stems from the Treasury-Federal Reserve Accord. Answer: C Question Status: Previous Edition