In Deciding on a Policy,the Fed Is Faced with Two

question 2

Multiple Choice

In deciding on a policy,the Fed is faced with two difficult problems: The inability of experts to agree on the best measure of the degree of tightness of monetary policy and

• A) a lack of data on financial markets.
• B) a need for approval from Congress and the president.
• C) the long lag between an action taken by the Fed and its effect on the economy.
• D) an inability to decide on a proper definition of the monetary base.
• E) the lack of an adequate research staff.

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Legal claims brought in civil or criminal court, with civil allegations involving disputes between individuals or entities and criminal allegations involving violations of laws punishable by the state.

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