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In recent years, the Federal Reserve has mainly used _____ as its short-term policy instrument.the 30-year mortgage ratethe money supplythe federal funds rateM1

Question

In recent years, the Federal Reserve has mainly used _____ as its short-term policy instrument.the 30-year mortgage ratethe money supplythe federal funds rateM1

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Solution

The Federal Reserve has mainly used the federal funds rate as its short-term policy instrument.

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