In October 1979 the Fed Announced That It Would Focus

question 189

Multiple Choice

In October 1979 the Fed announced that it would focus on

• A)stabilizing interest rates
• B)specified targets for slowly falling interest rates
• C)specified targets for the long-run equilibrium price level
• D)specified targets for growth of the money supply
• E)stabilizing the long-run equilibrium price level

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Definitions:

Emotional

Relating to feelings or the ability to be aware of and respond to emotions, both in oneself and in others.

Economic

Relating to the system of how wealth is produced, distributed, and consumed within a society.

Psychic

Pertaining to or denoting phenomena that are beyond the scope of normal scientific understanding, specifically relating to the mind or mental processes.

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A group of people living in the same place or having a particular characteristic in common.