During a recession, the supply of bonds ________ and the supply curve shifts to the ________, everything else held constant

How should the central bank design its monetary policy during a recession if the nominal interest rate has already hit the zero lower bound?

What will be an ideal response?

In the year ________, for the first time in 30 years, the federal government ran a surplus

A) 1980 B) 1985 C) 1990 D) 1998