EVEN IF THE FED COULD COMPLETELY CONTROL THE MONEY SUPPLY, MONETARY...

4) Even if the Fed could completely control the money supply, monetary policy would have critics because (a) the Fed is asked to achieve many goals, some of which are incompatible with others. (b) the Fed’s goals do not include high employment, making labor unions a critic of the Fed. (c) the Fed’s primary goal is exchange rate stability, causing it to ignore domestic economic conditions. (d) it is required to keep Treasury security prices high. (e) all of the above. Answer: A Question Status: Study Guide