When an economist states that the monetarist transmission mechanism is "direct" it means that a change in the money supply creates a direct impact on the goods and services market

A person has a comparative advantage in producing a good if that person:

a. can produce the good at a lower absolute cost than anyone else. b. can produce the good at a lower opportunity cost than anyone else. c. can do a better job than anyone else. d. spends more money in out-of-pocket expenses than anyone else. e. can produce the good at a higher opportunity cost than anyone else.

In 2008, at the depth of the Great Recession, the Fed moved toward a ZIRP policy when it aimed to keep the Federal funds rate between:

A. 2.5% and 3.0% B. 2% and 2.5% C. 1.0% and 1.25% D. 0 and 0.25%