The Federal Open Market Committee
a. must submit its policies to the President and Senate for approval.
b. operates with almost complete discretion over monetary policy.
c. is required to target short-term interest rates in a mechanical way based on an equation that takes into account both price stability and output fluctuations.
d. is required to set and publicize targets for money supply growth.
b
Economics
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A) store of value. B) standard of deferred payment. C) medium of exchange. D) unit of accounting.
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Using Scenario 2 suppose Susan has eliminated two of the answers but is unsure of which of the remaining three answers are correct. Determine whether it is rational for Bill to guess
What will be an ideal response?
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