In November 2007, the Fed Announced Major Enhancements to Its

question 94

Multiple Choice

In November 2007, the Fed announced major enhancements to its communication strategy. Which of the following was a part of the changes?

• A)The forecast horizon for the FOMC's projections was extended from two calendar years to three.
• B)The committee publishes FOMC projections four times a year instead of twice a year.
• C)The release would include a narrative of the forces shaping the outlook and risks to that outlook.
• D)All of the above were proposed changes.

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Definitions:

Defense

A legal strategy or argumentation employed to protect, justify, or exculpate one's actions in a litigation setting.

Consent

Voluntary agreement or permission given by a person with full knowledge of the implications and outcomes of what is being consented to.

Self-defense

A legal definition referring to the right to use reasonable force to protect oneself from physical harm from another person.

Inflammation

A protective response of the body's immune system to injury, infection, or irritation, characterized by redness, heat, swelling, and pain.