The Federal Reserve Act of 2000 instructs the Fed to pursue its goals by maintain[ing] long-run growth

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The Federal Reserve Act of 2000 instructs the Fed to pursue its goals by “maintain[ing] long-run growth of the monetary and credit aggregates commensurate with the economy’s long-run potential to increase production.”

a. Has the Fed followed this instruction?

b. Why might the Fed increase money by more than the potential to increase production?
The Conduct of Monetary Policy

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Macroeconomics

ISBN: 9781292433608

14th Global Edition

Authors: Michael Parkin

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Question Posted: Nov 06, 2024 04:00 AM

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The Federal Reserve Act of 2000 instructs the Fed to pursue its goals by maintain[ing] long-run growth

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Macroeconomics

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