Speaking at a conference in 2002 as a member of the Board of Governors,Ben Bernanke
A) acknowledged that the Fed had been responsible for the Great Depression of the 1930s.
B) asserted that the Fed was in no way responsible for the Great Depression of the 1930s.
C) asserted that the Fed should abandon,in the not-too-distant future,its reliance on open-market operations for control of the money supply.
D) asserted that the Fed should abandon,in the not-too-distant future,its fixation on the federal funds rate.

Question

Quizplus · Accepted Answer

Ben Bernanke acknowledged that the Federal Reserve had played a role in the Great Depression, particularly in failing to prevent bank failures and allowing the money supply to collapse.

Speaking at a Conference in 2002 as a Member of the Board