By the Time of the Annual Monetary Policy Conference in Jackson

question 86

Multiple Choice

By the time of the annual monetary policy conference in Jackson Hole,Wyoming in 2016,

• A) the monetary base and the Fed's balance sheet remained very large, and the target for the federal funds rate had only slightly risen.
• B) the monetary base and the Fed's balance sheet decreased dramatically, but the target for the federal funds rate had only slightly risen.
• C) the monetary base and the Fed's balance sheet remained very large, but the target for the federal funds rate had returned to its pre-financial-crisis level.
• D) the monetary base and the Fed's balance sheet, as well as the target for the federal funds rate, had returned to pre-financial-crisis levels.

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Definitions:

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