Although the Fed professed employment of ________ targeting during the 1970s,its behavior suggests that it emphasized ________ targeting.
A)free-reserve;interest-rate
B)interest-rate;monetary aggregate
C)monetary aggregate;interest-rate
D)free reserve;monetary aggregate

Question

Quizplus · Accepted Answer

The question refers to the behavior of the Fed during the 1970s, and there is evidence that the Fed placed more emphasis on targeting monetary aggregates rather than interest rates or free reserves during this period. Thus, option C, which indicates that the Fed emphasized monetary aggregate targeting during this time, is the best choice.

Although the Fed Professed Employment of ________ Targeting During the 1970s,its