Which of the following best describes the effect of the zero interest rate policy implemented in December 2008?
A. Its effectiveness was limited by the zero lower bound problem.
B. It created a surge in inflation.
C. It forced nominal interest rates to below zero.
D. It had the desired effect, promoting full recovery by 2010.
A. Its effectiveness was limited by the zero lower bound problem.
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Based on labor-market studies using regression analysis, once productivity-related characteristics are accounted for, the remaining wage gap between young and educated women and men is approximately
A) 2%. B) 5%. C) 15%. D) 20%.
Refer to Figure 13-1. Ceteris paribus, an increase in government spending would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
One key purpose of economic regulation is
A) to force a firm to produce at the point at which marginal cost equals marginal revenue. B) to control the quality of service provided by a monopolist. C) to control the price that regulated enterprises are allowed to charge. D) to focus on the impact of production on the environment and society, the working conditions under which goods and services are produced, and sometimes the physical attributes of goods.
Near the end of the eighteenth century, the dollar:
a. was a nickname for the Spanish Peso. b. was more plentiful than any other coin. c. was customarily used to reckon accounts. d. All of the above are correct.