Effects of the Fed's More Openness in Recent Years Are

Multiple Choice

Effects of the Fed's more openness in recent years are all of the following except that

A) there is less uncertainty about policy moves.
B) as a result of less uncertainty, there is more control over future expectations and long term interest rates.
C) a smaller volume of open market operations are needed to hit any fed funds targeted rate.
D) the monetary policy lag is longer.