The argument that the Fed would pay less attention to jobs and economic growth is put forward by _____
A) the rational expectations school.
B) opponents of monetary targets.
C) opponents of inflation targets.
D) the active approach.
E) the passive approach.

Question

Quizplus · Accepted Answer

Opponents of inflation targets argue that such targets could lead the Federal Reserve to focus less on jobs and economic growth because of the prioritization of controlling inflation.

The Argument That the Fed Would Pay Less Attention to Jobs