In Recent Years, the Federal Reserve Has

In recent years, the Federal Reserve has

A) paid closer attention to M1 than M2 in setting monetary targets.
B) relied more on changes in the discount rate than open-market operations in establishing monetary policy.
C) increased M2 at a fixed annual rate, regardless of the health of the economy.
D) taken an activist, pragmatic approach to monetary policy, paying close attention to interest rates.