Which of the following statements is incorrect?
A)The Fed's monetary policy is intended to control the economic conditions in the U.S.
B)The Fed's monetary policy affects the supply of loanable funds, which affects interest rates.
C)By influencing interest rates, the Fed is able to influence the amount of money that corporations and households are willing to borrow and spend.
D)All of the statements above are true.

Question

Quizplus · Accepted Answer

All the statements A, B, and C are correct descriptions of the Fed's monetary policy and its effects. Therefore, statement D, which claims all statements are true, is incorrect in the context of identifying an incorrect statement.

Which of the Following Statements Is Incorrect