For a three-year period from October 1979 to October 1982; the FOMC:
A. primarily targeted reserves.
B. primarily targeted M2.
C. primarily targeted the real federal funds interest rate.
D. gave up targeting reserves entirely.
Answer: A
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Which of the following is an example of "pork barrel spending"?
A) Funds spent by the federal government in repairing national highways B) Funds spent by the Fed to bail out large financial institutions during recessions C) Government funds spent by a senator for building fountains in his home state D) Funds spent by the government in providing unemployment insurance
In the U.S., the ________ is a law to keep markets open and competitive
A) Sherman act B) Samuelson act C) Monopoly act D) pro-competition act
If a firm in a perfectly competitive industry maximizes profit by producing 100 units and the marginal cost of the 100th unit is $23, the price is
a. more than $23 since it's earning an economic profit b. $0.23 c. $2,300 d. $23 e. not able to be calculated from the data given
The high unemployment of 2008–2010 caused a substantial decrease in inflation, which created fears of deflation.
Answer the following statement true (T) or false (F)