The Fed's monetary policy during Arthur Burns's tenure
A) was countercyclical, as opposed to the procyclical policy pursued by William McChesney Martin.
B) was procyclical, as opposed to the countercyclical policy pursued by William McChesney Martin.
C) was countercyclical, as was the policy pursued by William McChesney Martin.
D) was procyclical, as was the policy pursued by William McChesney Martin.
Correct Answer:
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