Which of the following is correct? In the 1990's
A) the Fed maintained low inflation because it had to follow a policy rule.
B) the Fed maintained low inflation even without being required to follow a policy rule.
C) the Fed was not required to follow a policy rule and let inflation move higher.
D) the Fed was required to follow a policy rule, but it provided the Fed enough discretion that inflation move higher.
Correct Answer:
Verified
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