Due to the lack of timely data for the price level and economic growth, the Fed's strategy
A) targets the exchange rate, since the Fed can control this variable.
B) targets the price of gold, since it is closely related to economic activity.
C) uses an intermediate target, such as an interest rate.
D) stabilizes the consumer price index, since the Fed can control the CPI.
C
Economics
You might also like to view...
Professional athletes often have contract clauses prohibiting risky activities such as skiing and motorcycle riding. These clauses are
A) limited-liability clauses. B) risk insurance. C) restrictive covenants. D) illegal.
Economics
Which of the following equations shows inelastic demand?
a. ED < 1 b. ED >1 c. ED = 1 d. ED x 1
Economics