Which of the following statements is false?
A)The breakdown in the traditional relationships between the monetary aggregates and economic activity caused an abandonment of the use of monetary aggregates as either targets or information variables in the early 1990s.
B)In July 2000, the Fed even stopped providing projections about the growth rates of the monetary aggregates and domestic non-financial debt (DNFD).
C)At the eight FOMC meetings per year, emphasis is placed on long-term goals.
D)Long-term forecasts include target ranges for inflation and unemployment.

Question

Quizplus · Accepted Answer

The statement that "emphasis is placed on long-term goals" at FOMC meetings is false. FOMC meetings focus on short-term economic conditions and decisions about monetary policy. Long-term goals are typically addressed in other settings, such as the Fed's annual policy symposium in Jackson Hole, Wyoming.

Which of the Following Statements Is False