The fluctuations in both money supply growth and the federal funds rate during 1979-1982 suggest that the Fed
A) had shifted to borrowed reserves as an operating target.
B) had shifted to total reserves as an operating target.
C) had shifted to the monetary base as an operating target.
D) never intended to target monetary aggregates.
Correct Answer:
Verified
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A)central banks in
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Q111: A borrowed reserves target is _ because
Q112: Large fluctuations in money supply growth and
Q113: The Federal Reserve has been _ preemptive
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