At the beginning of the twenty-first century most economists
A)urged the Fed to focus on its goal of high employment.
B)urged central banks to focus their energy on low inflation.
C)believed the underlying inflation rate in the United States was higher than it had been in the late 1970s.
D)were critical of the performance of Alan Greenspan has Chairman of the Fed.

Question

Quizplus · Accepted Answer

At the beginning of the twenty-first century, most economists urged central banks to focus their energy on low inflation. This was reflected in the approach of the Federal Reserve under the leadership of Alan Greenspan, who prioritized inflation targeting as a key policy goal. While employment was also a concern, low inflation was seen as essential for ensuring long-term economic stability.

At the Beginning of the Twenty-First Century Most Economists