Which of the following is an example of an "unconventional monetary policy" by a central bank?
A) The purchase of specific categories of assets with new money.
B) The sale of long-term government bonds for foreign exchange.
C) the purchase of long-term government bonds using foreign exchange.
D) raising reserve requirements by commercial banks.
E) selling gold reserves.
A
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Why does the short-run aggregate supply curve shift to the left in the long run, following an increase in aggregate demand?
A) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices. B) Workers and firms adjust their expectations of wages and prices upward and they accept lower wages and prices. C) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices. D) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices.
Over the two decades leading up the 2008 crisis, __________ interest rates meant that consumers could take on _____ debt without significantly increasing the amount of debt service they had to pay.
A. falling; more B. rising; more C. falling; less D. rising; less
Today, unions play a larger role in Europe than they do in the U.S
a. True b. False Indicate whether the statement is true or false
The responsibility for monetary policy in the United States lies with
A. the president. B. the presidents of the Federal Reserve Banks. C. the chairman of the Board of Governors of the Federal Reserve System. D. the Board of Governors of the Federal Reserve System.