In practice, the Fed's policy of targeting money market conditions in the 1960s proved to be

In practice, the Fed's policy of targeting money market conditions in the 1960s proved to be

In practice, the Fed's policy of targeting money market conditions in the 1960s proved to be




A) countercyclical, helping to stabilize the economy.
B) procyclical, destabilizing the economy.
C) procyclical, helping to stabilize the economy.
D) countercyclical, destabilizing the economy.



Answer: B