Which of the following were not actions taken by the Federal Reserve in order to stimulate the economy during the recession of 2007–2009?

A. Decreasing the discount rate
B. Suspending trading on the major stock exchanges
C. Massive lending to banks
D. Open-market purchases of assets other than Treasury bills


Answer: B

Economics

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Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, the firm's cost function is

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