The Fed's open market operations normally involve only the purchase of government securities, particularly those that are short-term. However, during the crisis, the Fed started new programs to purchase
A) mortgage-backed securities and long-term Treasuries.
B) mortgage-backed securities and Treasury bills.
C) commercial papers and short-term Treasuries.
D) Treasury bills and Treasury notes.
A
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Discuss the rule of law and why it is important. Contrast life in a country where the rule of law is enforced with life in a country where it is not and explain how this impacts economic growth.
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