Which of the following is NOT part of the FOMC directive?
A) It lays out the FOMC's general economic objectives.
B) It specifies target ranges for money supply growth.
C) It establishes short-term federal funds rate objectives.
D) It specifies who the chair of the Fed is.
D
Economics
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The slope of the short-run Phillips curve is consistent with:
a. the long-run trade-off between the unemployment rate and inflation. b. the long-run trade-off between inflation and GDP. c. the short-run trade-off between the money supply and interest rates. d. the short-run trade-off between business productivity and wage contracts. e. the short-run trade-off between the unemployment rate and inflation.
Economics
What you mean by business cycles? What are their consequences?
What will be an ideal response?
Economics