In recent years,the Federal Reserve has:
A) paid closer attention to M1 than M2 in setting monetary targets.
B) relied more on changes in the discount rate than open-market operations in establishing monetary policy.
C) has increased M2 at a fixed annual rate,regardless of the health of the economy.
D) taken an activist,pragmatic approach to monetary policy,paying close attention to interest rates.
Correct Answer:
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