Since the Federal Reserve was established in 1913, the U.S. has ...

[cookcarl]

Since the Federal Reserve was established in 1913, the U.S. has experienced three periods of high inflation and each was preceded and accompanied by a period of sharp decline in the money supply
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the Fed is targeting the money supply, it has complete control over the interest rate.
 a. True
  b. False
  Indicate whether the statement is true or false

[stallen]

Answer to Question 1

False

Answer to Question 2

False

[cookcarl]

Thanks for the timely response, appreciate it

[daiying98]

Excellent