The consensus reached in the late 1990s was that from the 1980s onward the Fed had been
A)quicker to stimulate or restrain the economy when its output fell short of or exceeded its natural level.
B)quicker to stimulate the economy when output fell short of the natural level,but slower to do so when output exceeded the natural level.
C)slower to stimulate the economy when output fell short of the natural level,but quicker to do so when output exceeded its natural level.
D)slower to stimulate or restrain the economy when its output fell short of or exceeded its natural level.

Question

Quizplus · Accepted Answer

The consensus was that the Federal Reserve had become more proactive in adjusting economic policies to either stimulate growth when the economy was underperforming or to apply restraints when the economy was overheating, indicating a quicker response to deviations from the natural level of output.

The Consensus Reached in the Late 1990s Was That from the 1980s