Exam 24: The Process of Monetary Policy Formation

__________ occurs if revised data estimates suggest that some other course of action should have and would have been taken if the revised data were available.

For which of the following does the Fed not establish economic projections?

The Fed can use which of the following as an intermediate target?

In guiding policy in recent years, the Fed has

Which of the following is false?

During the 1970s, the aggregate that was targeted most frequently was which of the following?

The time that elapses from the point when the need for action is recognized and the point when a procedural change is decided upon is called which of the following?

Which of the following choices correctly lists the three lags in the policy process in the order in which they are expected to occur?

Because the Fed's ability to use DNFD in the implementation of monetary policy is _______, the Fed's control over DNFD is ______ precise than its control over the monetary aggregates.

Which of the following makes timely and appropriate monetary policy more difficult to determine?

Monetary policy refers to

Which of the following is considered to be the Fed's main policy tool?

The __________ refers to the time that elapses from the point when the need for action is recognized and when a legislative solution is decided upon and set in motion.

On the average, when monetary policymakers act, their actions will affect the economy

A(n) __________ is a target that is midway between the policy instruments and the ultimate policy goals.

During the 1970s, the relationship between M1 and the level of economic activity was

As our country becomes more financially integrated with the rest of world, which of the following will occur?

The statement that emerges from the FOMC Meeting and that is used to guide monetary policy until the next FOMC meeting is called the

Which of the following is false?

Policymakers tend to give greater weight to which of the following?