The Federal Reserve pursued an expansionary monetary policy during 1964 in order to
A)pull the United States out of a deep recession.
B)counteract the effects of a deep cut in federal income taxes.
C)keep interest rates from rising.
D)bring down the inflation rate.

Question

Quizplus · Accepted Answer

The Federal Reserve pursued an expansionary monetary policy in 1964 to keep interest rates from rising, as the economy was growing and there was a concern about potential increases in interest rates.

The Federal Reserve Pursued an Expansionary Monetary Policy During 1964