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Question
During the period of October 1979 to October 1982; the FOMC's primary operating target resulted in:A. the most stable period for the federal funds rate in history.
B. reserves being highly volatile.
C. the federal funds rate experiencing high volatility.
D. the federal funds rate dropping to 2 percent (an all-time low to that date) and not rising above 3 percent.
Answer
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