A 1977 Amendment to the Federal Reserve Act of 1913

question 21

Multiple Choice

A 1977 amendment to the Federal Reserve Act of 1913

• A)requires the Federal Reserve to place more weight on promoting price stability than on promoting maximum employment.
• B)requires the Federal Reserve to place more weight on promoting maximum employment than on promoting price stability.
• C)requires the Federal Reserve to place equal weight on promoting price stability and maximum employment.
• D)says the Federal Reserve should promote price stability and maximum employment,but does not specify how the Federal Reserve should weight these goals.

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