Monetarists Argued That the Fed Wasn't Serious About Adhering to a Money-Growth

question 63

Multiple Choice

Monetarists argued that the Fed wasn't serious about adhering to a money-growth target because

• A)it was unable to reduce inflation at all.
• B)it tried to target three different monetary aggregates simultaneously.
• C)the sacrifice ratio remained too high.
• D)it gave too much weight to movements in exchange rates.

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