Author Question: Since the Federal Reserve was established in 1913, the U.S. has experienced three periods of high ... (Read 133 times)

cookcarl · **on:** Jun 30, 2018

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