STARTING IN FEBRUARY 1994, THE FED (A) ABANDONED ITS POLICY OF KE...

113) - 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
113) Starting in February 1994, the Fed (a) abandoned its policy of keeping the federal funds interest rate target a secret. (b) lowered the federal funds interest rate target to deal with a possible slowing in the economy. (c) began a preemptive strike against inflation by raising the federal funds interest rate in steps to 6 percent by early 1995. (d) did both (a) and (b) of the above. (e) did both (a) and (c) of the above. Answer: E Question Status: Previous Edition