A situation in which the fed holds interest rates constant


A situation in which the Fed holds interest rates constant (at a low level) in order to increase the effectiveness of fiscal stimulus is known as ___________.

A. monetary policy that is non-cooperative and stringent

B. non-accommodating monetary policy action

C. non-accommodating monetary policy action

D. accommodating monetary policy action

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Business Economics: A situation in which the fed holds interest rates constant
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