BETWEEN EARLY 1996 AND LATE 1998, THE FED (A) LOWERED THE FEDERAL...

117) - 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
117) Between early 1996 and late 1998, the Fed (a) lowered the federal funds interest rate to deal with a possible slowing in the economy. (b) took the dramatic step lowering the federal funds interest rate by 3/4s of a percentage point following the collapse of Long-Term Capital Management in the fall of 1998. (c) kept the federal funds interest rate targeted at a constant 5 percent. (d) did both (a) and (b) of the above. (e) did none of the above. Answer: D Question Status: Previous Edition