A Key Reason That FOMC Members Expected That Their Target

question 14

Multiple Choice

A key reason that FOMC members expected that their target for the federal funds rate in 2016 would be higher than it actually was is that they had expected the growth rate of real GDP to be ________ and the inflation rate to be ________ than they actually were.

• A) higher; higher
• B) higher; lower
• C) lower; higher
• D) lower; lower

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Definitions:

Faith-based Service Providers

Organizations that offer services grounded in religious beliefs or principles.

Religious Autonomy

The right of individuals or groups to have control over their own religious beliefs, practices, and organization without external interference.

Terminating

The act of bringing something to an end or the process of something coming to an end.

Ending Time

The scheduled or agreed-upon time at which a service, event, or activity concludes.