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Which of the following statements is an example of the Fed's conditional commitment policy? Select one: O a. In these circumstances, the Committee believes that

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Which of the following statements is an example of the Fed's conditional commitment policy? Select one: O a. "In these circumstances, the Committee believes that policy accommodation can be maintained for a considerable period." O b. "The exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, and inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal." O c. "Policy accommodation can be removed at a pace that is likely to be measured." O d. "The Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time

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