IN EARLY 1996, THE FED (A) BEGAN A PREEMPTIVE STRIKE AGAINST INFL...

116) - 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
116) In early 1996, the Fed (a) began a preemptive strike against inflation by raising the federal funds interest rate in steps to 6 percent by early 1995. (b) lowered the federal funds interest rate to deal with a possible slowing in the economy. (c) decided to keep the federal funds interest rate target at a constant 5 percent. (d) did none of the above. Answer: B Question Status: Previous Edition