The statement that best describes how the FOMC conducts monetary policy to increase employment during a recession to achieve its maximum employment objective is that "It decreases the target rate range for the federal funds rate."
This is because by decreasing the target rate range for the federal funds rate, the Federal Reserves would reduce, thereby pumping more money into the economy.
FOMC is an acronym for Federal Open Market Committee, and its central role or function is to manage the money supply.
Therefore, knowing that the recession period is characterized by low economic activities, high unemployment rate, etc., to increase the money supply in the economy, the FOMC would need to decrease the target rate range for the federal funds rate.
Hence, in this case, it is concluded that the correct answer is "It decreases the target rate range for the federal funds rate."
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