The Federal Reserve's policy to "lean against the wind" means
A. when output and/or the price level are low, the Fed sets a low interest rate to stimulate the economy.
B. that the Federal Reserve chairman will oppose Congress' pressure to raise interest rates.
C. when output and/or the price level are high, the Fed sets a high interest rate to rein the economy in.
D. that the Fed will lower the interest rate to rein in the economy.
Answer: C
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