Which of the following is not correct?
A) The president of the New York Fed gets to vote at every meeting of the Federal Open Market Committee,but this is not true of the presidents of the other regional Federal Reserve Banks.
B) The Fed's policy decisions influence the economy's rate of inflation in the short run and the economy's employment and production in the long run.
C) The Fed's primary tool of monetary policy is open-market operations.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The Fed's policy decisions influence the economy's rate of inflation in the long run and the economy's employment and production in the short run, not the other way around.

Which of the Following Is Not Correct