(Last Word) Which of the following is true about the effects of ZIRP, QE, and Operation Twist?
A. The massive monetary stimulus created high rates of inflation.
B. They were unsuccessful at lowering interest rates.
C. By lowering borrowing costs, they encouraged expansion of federal budget deficits.
D. Pension plan and retirement fund returns increased dramatically.
C. By lowering borrowing costs, they encouraged expansion of federal budget deficits.
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The WTO's intervention against clean air standards
A) has earned it universal approval. B) was done in order to limit national sovereignty. C) has resulted in much criticism. D) has resulted in much criticism among professional economists. E) was championed in developing countries.