EXPLANATIONS FOR THE FED’S POOR MONETARY CONTROL DURING 1979–1982...

92) Explanations for the Fed’s poor monetary control during 1979–1982 include (a) the suspension of credit controls in mid-1979. (b) the slow down in financial innovation after passage of the Monetary Control Act of 1980. (c) the imposition of credit controls in 1980. (d) only (a) and (b) of the above. Answer: C Question Status: Previous Edition