THE FLUCTUATIONS IN BOTH MONEY SUPPLY GROWTH AND THE FEDERAL FUNDS...

96) - 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
96) The fluctuations in both money supply growth and the federal funds rate during 1979–1982 suggest that the Fed (a) never intended to target monetary aggregates. (b) used the announced strategy of targeting monetary aggregates as a smokescreen to fight inflation. (c) had shifted to borrowed reserves as an operating target. (d) both (a) and (b) of the above. Answer: D Question Status: Revised