Which of the Following Is False

Multiple Choice

Which of the following is false?

A) The Fed currently provides projections about the growth rates of the monetary aggregates and domestic nonfinancial debt (DNFD) .
B) In the early 1990s, the aggregate that was most strongly correlated with the level of economic activity was domestic nonfinancial debt (DNFD) .
C) In the 1970s, the Fed targeted M1 in formulating monetary policy.
D) In the mid-1980s, the Fed targeted M2 and M3 in formulating monetary policy