Which of the following is false?
A)The Fed currently provides projections about the growth rates of the monetary aggregates and domestic nonfinancial debt (DNFD).
B)In the early 1990s, the aggregate that was most strongly correlated with the level of economic activity was domestic nonfinancial debt (DNFD).
C)In the 1970s, the Fed targeted M1 in formulating monetary policy.
D)In the mid-1980s, the Fed targeted M2 and M3 in formulating monetary policy

Question

Quizplus · Accepted Answer

The Federal Reserve does not currently provide projections about the growth rates of the monetary aggregates (such as M1 or M2) and domestic nonfinancial debt (DNFD). The focus of the Fed's projections has shifted over time towards interest rates, inflation, and other economic indicators rather than specific monetary aggregates.

Which of the Following Is False