The Theory of Bureaucratic Behavior When Applied to the Fed

question 93

Multiple Choice

The theory of bureaucratic behavior when applied to the Fed helps to explain why the Fed

• A) resists so vigorously congressional attempts to limit the central bank's autonomy.
• B) is secretive about the conduct of future monetary policy.
• C) sought less control over banks in the 1980s.
• D) all of the above.
• E) only A and B of the above.