In utilizing unconventional monetary policy in 2009, the Federal Reserve purchased
a. real estate worth more than $2 trillion.
b. $800 billion in Treasury bills.
c. over $1 trillion in mortgage backed securities.
d. $600 billion in long-term Treasury bonds.
c
Economics
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Drexel Burnham Lambert pioneered the widespread issuance of
A) junk bonds. B) commercial paper. C) callable bonds. D) convertible bonds.
Economics
The rule-of-thumb among many economists suggests that a 10% increase in the minimum wage results in a ________ in the number of jobs held by teens.
A. 1% to 3% drop B. 1% to 3% increase C. 10% to 15% increase D. 10% to 15% drop
Economics