Every six weeks, the Federal Open Market Committee (FOMC) meets to discuss monetary policy. This discussion is mainly focused on ________
A) information of the equilibrium real interest rate from the past three years
B) the current month's release of the CPI by the BLS
C) the three year projections of the equilibrium real interest rate
D) the past 18 month history and future 18 month projections of the discount rate
E) none of the above
C
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A price ceiling is:
A. a legal maximum quantity that can be sold at a particular price. B. a legal maximum price. C. a legal minimum quantity that can be sold at a particular price. D. a legal minimum price.
The U.S. has a mixed economy because
A. the government helps in answering the three basic questions of economics: what, how and for whom. B. the laissez faire market system lacks government intervention. C. all goods and services are provided privately. D. the central planning body makes all market decisions.