By purchasing large amounts of mortgage-backed securities (MBS) in 2009, the Federal Reserve’s goal was to
A. raise the price of MBS and raise their yields.
B. raise the price of MBS and lower their yields.
C. lower the price of MBS and raise their yields.
D. lower the price of MBS and lower their yields.
Answer: B
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The supply and demand schedules for dozens of roses are given below: Price__ Quantity S per period__ Quantity D per period $10________ 200_______________ 500 $20________ 300_______________ 450 $30________ 400_______________ 400 $40________ 500_______________ 350 $50________ 600_______________ 300 The equilibrium price for a dozen roses is
A) $30. B) $50. C) $20. D) $10. E) $40.
Under both perfect competition and monopoly, a firm:
a. is a price taker. b. is a price maker. c. will shut down in the short-run if price falls short of average total cost. d. always earns a pure economic profit. e. sets marginal cost equal to marginal revenue.