Under a Rules Strategy for Monetary Policy, the Fed Would

question 80

Multiple Choice

Under a rules strategy for monetary policy, the Fed would

• A)follow specific and publicly announced guidelines for policy.
• B)adjust monetary policy as it sees fit.
• C)target the growth rate of M1, but not the growth rate of M2.
• D)target the growth rate of M2, but not the growth rate of M1.

---

Definitions:

XIC Instruction

In ladder logic and PLC programming, the "Examine if Closed" instruction that checks if a particular condition is true (i.e., if a contact is closed).

True

A logical or Boolean value indicating affirmative or confirmation, often represented digitally as '1' in binary.

Pressure Switch

A device that closes or opens an electrical contact when a certain set fluid pressure has been reached on its input.

Selector Switch

A switch used to select between two or more different operations or circuits.