State whether each of the given variables is most likely to


State whether each of the following variables is most likely to be a goal, an intermediate target, an operating target, or a monetary policy tool:

a. M2

b. Monetary base

c. Unemployment rate

d. Open market purchases

e. Federal funds rate

f. Nonborrowed reserves

g. M1

h. Real GDP

i. Discount rate

j. Inflation rate

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Financial Management: State whether each of the given variables is most likely to
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