The Fed's Use of the ________ as an Operating Target

question 105

Multiple Choice

The Fed's use of the ________ as an operating target in the 1970s resulted in ________ monetary policy.

• A)federal funds rate;countercyclical
• B)federal funds rate;procyclical
• C)M1 money supply;countercyclical
• D)M1 money supply;procyclical

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Definitions:

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