Solution Option .

1. The Fed follows the theory of
bureaucratic behavior in what sense?
A. The Fed avoids conflict with Congress and the
president of the United States to preserve its autonomy.
B. The Fed applies reserve requirements only on
member banks.
C. The U.S. Congress controls the Fed's budget.
D. The Fed is completely transparent.
E. The Fed seeks to achieve policy goals to ensure
economic stability.
The Fed follows the theory of
bureaucratic behavior in what sense?
A. The Fed avoids conflict with Congress and the
president of the United States to preserve its autonomy.
B. The Fed applies reserve requirements only on
member banks.
C. The U.S. Congress controls the Fed's budget.
D. The Fed is completely transparent.
E. The Fed seeks to achieve policy goals to ensure
economic stability.
Solution
Option