Which of the following is not correct?
A)The president of the New York Federal Reserve bank is the only Federal Reserve Regional Bank President who gets to vote at every meeting of the Federal Open Market Committee.
B)The Fed's policy decisions influence the economy's rate of inflation in the short run and the economy's employment and production in the long run.
C)The Fed's primary monetary policy tool is open-market operations.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The Fed's policy decisions influence the economy's rate of inflation and employment in the short run, not the long run. In the long run, these are influenced by other factors such as technology and resources.

Which of the Following Is Not Correct