The Fed loses some control over the interest rate once it targets the money supply,
a. but the interest rate doesn't move in an inappropriate direction with respect to the Fed's monetary policy
b. and the interest rate often moves in the opposite of the targeted direction
c. but it can still dictate what the interest rate will be
d. and loses as well control over open market operations which are linked to the interest rate
e. but still maintains indirect control through open market operation
A
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The South suffered from a labor shortage immediately after the Civil War (1861–1865) mostly because
(a) freed slaves worked fewer hours. (b) freed slaves moved North. (c) Southern agriculture became mechanized. (d) Southern industry attracted workers away from agriculture.
Refer to Figure 9.7. The amount the government will have to pay to producers to sustain this policy is at least
A) $0. B) $10,000. C) $15,000. D) $20,000. E) $100,000.