State whether each of the following variables is most likely to be a goal, an intermediate target,
Question:
State whether each of the following variables is most likely to be a goal, an intermediate target, an operating target, or a monetary policy tool:
a. M2
b. Monetary base
c. Unemployment rate
d. Open market purchases
e. Federal funds rate
f. Nonborrowed reserves
g. M1
h. Real GDP
i. Discount rate
j. Inflation rate
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a M2 intermediate target b Monetary base intermediate target c Un...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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