Question: Classify each of the following as either an operating target or an intermediate target, and explain why. a. The three-month Treasury bill rate. b. The

Classify each of the following as either an operating target or an intermediate target, and explain why.
a. The three-month Treasury bill rate.
b. The monetary base.
c. M2

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a The tenyear bond is an intermediate target because it is not directly affected by the tools ... View full answer

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