As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
A) Lehman Brothers and Merrill Lynch B) Freddie Mac and Fannie Mae
C) Morgan Stanley and Goldman Sachs D) Enron and WorldCom
C
Economics
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Refer to Figure 28-2. Suppose the economy is at point A. The Fed uses expansionary monetary policy to lower the unemployment rate permanently below the level associated with A. Which of the following will occur?
A) Inflationary expectations will decline. B) Unemployment will rise above the natural rate. C) Unemployment will accelerate in the long run. D) Inflation will accelerate in the long run.
Economics
What is monetary policy?
What will be an ideal response?
Economics