In some future econ history textbooks the non-traditional measures by the FED and other central banks from 2008-2013 would be considered to be the decisive factor behind the difference in the output performance during the Great Depression and the Great Recession. An example of a non-traditional measure taken up by the FED in 2011 was to target _______ rather than the traditional _______, because the former is (are) better correlated with housing investment.

Select one:

a.short-term interest rates; long-term interest rates

b.long-term interest rates; FED funds rate

c.long-term interest rates; inflation target

d.the FED funds rate; long-term interest rates

e.inflation; short-term interest rates