When the Fed injected newly made money into the economy by buying bonds, it:
A. inserted over $1 trillion of new money into the economy.
B. was practicing quantitative easing.
C. was trying to avoid a deflationary period similar to Japan.
D. All of these statements are true.
Answer: D
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According to the National Journal, the rise in two-career high-earning couples alongside the rise of ________________ accounts for roughly half of the rise in income inequality across households in recent decades.
a. single-parent households b. minimum-wage jobs c. workers being replaced by robots d. fewer young people attending college
According to Olsen, the dictator that promotes growth is the:
a. tinpot b. roving bandit c. the stationary bandit d. all dictators are good for growth e. non dictator is good for growth
If the real rate of return is 2 percent, and the inflation rate is 2 percent, then the nominal interest rate must be:
A. ?4 percent. B. ?2 percent. C. 4 percent. D. 2 percent.
Refer to the accompanying figure. If Pat and Chris were to specialize in the task in which each has a comparative advantage:
A. both Pat and Chris would plant bulbs because they both have an absolute advantage in that task. B. Pat and Chris would each spend half of their time each task. C. Chris would remove trash and Pat would plant bulbs. D. Chris would plant bulbs and Pat would remove trash.