In practice, the Fed's policy of targeting ________ in the 1960s proved to be ________, destabilizing the economy.

In practice, the Fed's policy of targeting ________ in the 1960s proved to be ________, destabilizing the economy.




A) money market conditions; countercyclical
B) money market conditions; procyclical
C) monetary aggregates; countercyclical
D) monetary aggregates; procyclical



Answer: B