Quantitative easing involves all of the following except:
A. higher asset prices.
B. Lower long-term interest rates.
C. higher long-term interest rates.
D. Purchasing longer-term bonds.
Answer: C
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A lump-sum tax is a tax that
A) can be avoided by strategic behavior. B) does not depend on the actions of the economic agent being taxed. C) does not depend on the actions of the government. D) distorts economic decisions.
At levels of GDP above full employment, the federal budget would usually be in a deficit position
a. True b. False Indicate whether the statement is true or false
Which of these common resources is LEAST regulated today?
a) government land in the North b) the Great Lakes c) national parks d) the ocean
Exhibit 10-4 Aggregate supply and demand curves
As the economy moves to the right from E1 to E2 in Exhibit 10-4 along the upward-sloping aggregate supply curve the:
A. unemployment rate rises. B. unemployment rate falls. C. inflation rate falls. D. full employment GDP is realized.