All the following affect short-run operating targets of the FOMC, except: (a) the growth of real GDP

• The correct answer is a; the growth of the real GDP

The real GDP refers to the accumulative worth of products and services generated in a given state, within a given period of the year. The reason why the growth of the real GDP does not affect the short-run operation targets of the FOMC is that the short-run operations are meant to spearhead the stability of the economy which in the long-run has an impact on the GDP. The growth rate of the real GDP is affected by the interest rate in the market, hence the FOMC, will focus on the interest rates and not the real GDP.