The Fed's goal of interest rate stability
A) was formally abandoned in 1998.
B) is motivated by political pressure as well as by a desire for a stable saving and investment environment.
C) is undermined by actions the Fed takes to further its goal of stability in financial markets and institutions.
D) is undermined by actions the Fed takes to further its goal of price stability.
B
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To say that there is a scarcity of gold means that:
a. gold prices will fall in the future. b. there is not enough gold to satisfy people's demand for it at a zero price. c. there are very few substitutes for gold. d. gold is very expensive. e. the demand for gold is changing.
Marginal revenue product is measured by
a. MR × price of the good b. MR × MC c. TR / MPP d. MPP × price of the good e. TC / MPP