The Fed's Failure to Exercise Effective Control Over the Money

question 37

Multiple Choice

The Fed's failure to exercise effective control over the money supply during the 1979-1982 period

• A)proves that such control is not possible.
• B)resulted because forces outside of its control removed the link between open market operations and the money supply.
• C)occurred despite evidence of a strong link between open market operations and the money supply.
• D)stems from the Treasury-Federal Reserve Accord.

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