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One problem for the Federal Reserve regarding setting policy stems from the fact that Multiple Choice there are multiple goals that may be inconsistent with

One problem for the Federal Reserve regarding setting policy stems from the fact that

Multiple Choice

  • there are multiple goals that may be inconsistent with each other.

  • Congress sets very tight goal ranges that the central bankers must hit.

  • the membership of its governing board changes so often.

  • there are more policy instruments than goals.

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