In utilizing unconventional monetary policy in 2010, 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.
Answer: D
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If the United States and other developed nations pay the cost of reducing carbon emissions from the atmosphere, developing nations such as India could benefit from the reduction while not contributing to it
In this sense, reducing carbon emissions is essentially a A) public good. B) private good. C) club good. D) transactions good.
Suppose that the income tax in the United States was such that all households had to pay 20 percent of their income to the government as taxes. This tax is an example of
A) a regressive tax. B) a proportional tax. C) a progressive tax. D) an efficient tax.