QE3 followed QE2 and Operation Twist. Which of the following best explains how QE3 differed from the other two in order to make it more effective?
A. QE3 promised a much larger expansion of reserves.
B. QE3 gave a much stronger forward commitment as to when the policy would be complete.
C. QE3 carried much more force in getting banks to lend reserves.
D. QE3's completion was tied to economic objectives, rather than specific dates.
D. QE3's completion was tied to economic objectives, rather than specific dates.
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Answer the following statements true (T) or false (F)
1) Conditional sales are always illegal per se under the Clayton Act. 2) Exclusive dealing contracts and requirements contracts have both procompetitive and anticompetitive motivations. 3) Exclusive dealing contracts and requirements contracts are illegal per se. 4) Exclusive dealing contracts and requirements contracts are procompetitive as they encourage advertising. 5) Section 3 of the Clayton Act prevents an individual from sitting on the boards of directors of two competing firms.
An industry that has many sellers offering slightly differentiated products is called:
A. perfectly competitive. B. monopolistic. C. oligopolistic. D. monopolistically competitive.
A primary function of a central bank is to
A) regulate dividend payments by corporations. B) control the bond market. C) set monetary policy. D) publish statistics on banking and related financial matters.
When the government imposes an effective price ceiling on a monopolist, what will be sure to happen in the short run?
A. The dollar price will increase. B. There will be a shortage of the product. C. The dollar price will fall. D. There will be a surplus of the product.