THE FLUCTUATIONS IN BOTH MONEY SUPPLY GROWTH AND THE FEDERAL FUNDS...

95) - 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
95) The fluctuations in both money supply growth and the federal funds rate during 1979–1982 suggest that the Fed (a) never intended to target monetary aggregates. (b) used the announced strategy of targeting the federal funds rate as a smokescreen to fight the back to back recessions in 1980 and 1981–1982. (c) had shifted to the monetary base as an operating target. (d) all of the above. (e) both (a) and (b) of the above. Answer: A Question Status: Revised