Because of the breakdown in the relationship between the growth of the money supply and inflation,since 1993,the Fed
A) no longer announces targets for M1 or M2.
B) has announced targets for M1 or M2.
C) has announced a target for M1 instead of M2.
D) has announced a target for M2 instead of M1.

Question

Quizplus · Accepted Answer

Since 1993, the Fed has not announced targets for M1 or M2 due to the breakdown in the relationship between the growth of the money supply and inflation.

Because of the Breakdown in the Relationship Between the Growth