The Federal Open Market Committee

question 12

Multiple Choice

The Federal Open Market Committee

• A)operates with almost complete discretion over monetary policy.
• B)is required to increase the money supply by a given growth rate each year.
• C)is required to keep short-term interest rates within a range set by Congress.
• D)is required by its charter to change the money supply using a complex formula that concerns the tradeoff between inflation and unemployment.

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