The fluctuations in both money supply growth and the federal funds rate during 1979-1982 suggest that the Fed
A) had shifted to borrowed reserves as an operating target.
B) had shifted to total reserves as an operating target.
C) had shifted to the monetary base as an operating target.
D) never intended to target monetary aggregates.
D
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Suppose you bought a concert ticket from Ticketmaster for $50, but when you get to the concert, there are a large number of people waiting outside who offer to pay you more than $50 for your ticket. What is probably true?
A. There is an excess supply of tickets at the Ticketmaster price. B. There is an excess demand for tickets at the Ticketmaster price. C. The Ticketmaster price is the equilibrium price. D. The Ticketmaster price was above the equilibrium price.
When the Fed lowered the discount rate in late 2008, the action was ultimately designed to:
A. decrease the monetary base. B. increase the money supply. C. increase the prime rate. D. increase the reserve requirement.
The opportunity cost of holding money increases when _____
Fill in the blank(s) with the appropriate word(s).
When the price of a product increases, there is Question 29 options:
A. a downward movement along the demand curve. B. a rightward shift of the demand curve. C. an upward movement along the demand curve. D. a leftward shift of the demand curve.