All of the following have enhanced the Fed's credibility in conducting monetary policy except
A) discontinuing the policy of announcing whether it considered the economy to be at greater risk of inflation or recession following each FOMC meeting.
B) making the minutes of the open market committee meetings public.
C) following through with changes it has announced.
D) revealing the Fed's target for the federal funds rate.
A
You might also like to view...
Because of international time lags between ordering and the receipt of goods, a depreciation of a currency:
a. will not change import or export volumes for a time, since prices on orders already placed cannot be renegotiated. b. will immediately change import and export volumes, because buyers and sellers always include an opt-out clause. c. will affect import and export volumes in third countries not party to the particular transaction. d. will never change import or export volumes.
To satisfy the admission criteria to the European Union, a country must meet all of the following, EXCEPT:
A) maintain an inflation that is equal to the average of the three lowest rates. B) maintain long-term interest rates equal to that of the three countries with the lowest inflation rates. C) maintain a pegged exchange rate, without any revision for two years. D) cut down taxes to the lowest possible level.