With money supply shocks in the intertemporal model with money, the price level is

Refer to Table 23-1. Using the table above, compute aggregate expenditure and identify the macroeconomic equilibrium

What will be an ideal response?

Which of the following was the result of the Federal Reserve's purchase of mortgage-backed securities in 2009?

a. MBS interest rates declined, home mortgage rates declined, and the Fed turned a profit on these operations. b. MBS interest rates declined, home mortgage rates declined, but the Fed had a loss on these operations. c. MBS interest rates increased, home mortgage rates declined, and the Fed turned a profit on these operations d. MBS interest rates increased, home mortgage rates increased, but the Fed had a loss on these operations