Which
of the following statements is false?

9. The Federal Reserve has been _______preemptive because of the changing view that monetary policy has to be _______looking.

8. Targeting interest rates can be procyclical because

7. Which of the following is NOT an argument against using monetary policy to prick asset -price bubbles?

6. A credit-driven bubble arises when _______in lending causes _______in asset prices which can cause _______in lending.

5. Fluctuations in the demand for reserves cause the Fed to lose control over a monetary aggregate if the Fed targets

4. Which of the following is an advantage of the Fedʹs ʺjust do itʺ approach to monetary policy?

3. Which of the following is NOT an element of inflation targeting?

2. If the relationship between the monetary aggregate and the goal variable is weak, then

1.Under monetary targeting, a central bank announces an annual growth rate target for __________.

10. When the Fed extends a $100 discount loan to the First National Bank, reserves in the banking system