The FOMC Issues a Policy Directive That

question 37

Multiple Choice

The FOMC issues a Policy Directive that

• A)specifies an exact numerical value for the fed funds rate.
• B)communicates whether the rate is likely to go up or down in the future but does not specify a numerical target value.
• C)targets the growth range for the money supply until the next FOMC meeting.
• D)is kept secret from the public until the minutes have been approved at the next FOMC meeting.

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Definitions:

Refractory Period

The period immediately following the transmission of a nerve impulse or the contraction of a muscle during which a nerve or muscle is unresponsive to further stimulation.

Threshold

The point or level at which something begins or changes.

Dendrites

The branched extensions of a neuron that receive signals from other neurons.

Insulate Neurons

The process of covering neurons with myelin, a fatty substance that speeds up the transmission of electrical signals along nerve cells.