The depth of the 1981-1982 recession caused the Fed to abandon its experiment in targeting ________ and move to what now appears to be ________ growth rule.
A)money growth,an interest rate
B)money growth,a real GDP growth
C)money growth,an unemployment rate
D)interest rates,a high-powered money growth
E)interest rates,a nominal GDP growth

Question

Quizplus · Accepted Answer

The Fed abandoned its experiment in targeting money growth and moved to a real GDP growth rule.

The Depth of the 1981-1982 Recession Caused the Fed to Abandon