In the 1970s, the Fed selected an interest rate as an operating target rather than a reserve aggregate primarily because it
A) had no interest in targeting a monetary aggregate, as evidenced by its unwillingness to target a reserve aggregate.
B) was still very concerned with achieving interest rate stability.
C) was committed to targeting free reserves.
D) was committed to the real bills doctrine.
B
Economics
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Special economic zones in China have been
A) the same as export processing zones. B) centers of economic reform. C) controlled by state run enterprises. D) closed to foreigners. E) poor regions that are targeted for industrial development.
Economics
We have run trade deficits every year since ________.
Fill in the blank(s) with the appropriate word(s).
Economics