The Federal Reserve is blamed by some for the recession of 2007-2009 because it
A. raised interest rates too fast in 2005-2007.
B. lowered interest rates too fast in 2008.
C. kept interest rates too low prior to 2005 leading to a housing boom (that ultimately went bust).
D. kept interest rates high in 2005-2007.
Answer: C
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Between 1960 and 2010, the labor force participation rate for men
A) decreased in most years. B) increased in most years. C) did not change. D) fluctuated, first rising until about 1989 and after that, then falling. E) did not change until 1992, after which it generally increased.
A decrease in population growth will lead to a ________ in the steady-state capital—labor ratio and a ________ in output per worker
A) fall; fall B) fall; rise C) rise; rise D) rise; fall
During the Great Recession, the Fed relied on each of the following tools to influence the economy EXCEPT:
A. paying interest on reserves. B. reverse repurchase agreements. C. open market operations. D. quantitative easing.
To the extent that oligopolies ________, there is the promise of new and exciting products.
A. differentiate their products B. advertise C. produce homogeneous products D. Both A and B are correct.