After the Year 2000, the FOMC Changed Some of Its

Multiple Choice

After the year 2000, the FOMC changed some of its operating procedures.In particular, it stopped setting:

A) explicit interest rates for commercial banks to charge.
B) explicit ranges for money growth targets.
C) explicit number of government bonds to be bought and sold.
D) standardized real GDP targets.
E) explicit numbers for the targeted natural rates of unemployment.