In response to the financial crisis and the Great Recession, the Fed took the following actions, except:
A. Reduced the federal funds rate to practically zero
B. Lowered the required reserve ratio
C. Initiated a few rounds of quantitative easing
D. Engaged in a policy of forward commitment
B. Lowered the required reserve ratio
Economics
You might also like to view...
Which of the following countries is not a member of the European Union?
A) Portugal B) Switzerland C) Slovakia D) Malta
Economics
Since a monopolist faces a downward sloping demand curve,
a. the monopolist is able to sell all that it wants at whatever price the monopolist chooses. b. it is necessary for the monopolist to lower the price to sell additional units of the good. c. the monopolist sells only a fraction of the total sales of the good in the market d. the monopolist must always make an economic profit.
Economics