In practice,the Fed's policy of targeting ________ in the 1960s proved to be ________,destabilizing the economy.
A)money market conditions;countercyclical
B)money market conditions;procyclical
C)monetary aggregates;countercyclical
D)monetary aggregates;procyclical

Question

Quizplus · Accepted Answer

The Fed's policy of targeting money market conditions in the 1960s was procyclical, meaning it amplified economic fluctuations rather than stabilizing them.

In Practice,the Fed's Policy of Targeting ________ in the 1960s