The Federal Open Market Committee __________. - 3237

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The Federal Open Market Committee __________.

A. is required to keep the interest rate within a range set by Congress

B. operates with almost complete discretion over monetary policy

C. is required to increase the money supply by a given growth rate each year

D. is required by its charter to change the money supply using a complex formula that concerns the tradeoff between inflation and unemployment

 
Solution Description

The Federal Open Market Committee __________.