The Fed had particular difficulty during the 1970s in attempting to control both the federal funds rate and monetary aggregates because
A)of fluctuations in consumer and business spending.
B)the federal funds rate is inherently unstable.
C)of the impact of the savings-and-loan crisis.
D)actions of the nonbank public made the money multiplier very unstable.

Question

Quizplus · Accepted Answer

The Answer of The Fed had particular difficulty during the 1970s in attempting to control both the federal funds rate and monetary aggregates because
A)of fluctuations in consumer and business spending.
B)the federal funds rate is inherently unstable.
C)of the impact of the savings-and-loan crisis.
D)actions of the nonbank public made the money multiplier very unstable.

The Fed Had Particular Difficulty During the 1970s in Attempting