Under Alan Greenspan, the Fed strived to hit its goals of price stability and high employment through
A) setting targets for rates of growth in the M1 and M2 money supplies.
B) practicing discretionary monetary policy, reacting to counter-changes in the level of unemployment during recessions and booms.
C) setting targets for the federal funds rate of interest.
D) strict adherence to rules based strategies.
C
Economics
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When a nation imports a good, its ________ surplus increases and its ________ surplus increases
A) consumer; producer B) consumer; consumer C) producer; producer D) producer; total E) total; consumer
Economics
Refer to Figure 2-6. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 13 thousand hammers B) 30 thousand wrenches C) 23 thousand hammers D) 10 thousand wrenches
Economics