What was the name of the plan, enacted in 2011, in which the Fed bought $400 billion worth of long-term securities while selling $400 billion worth of short-term securities?

A) Operation Go Long
B) Operation Twist
C) QE2
D) QE3

B

Economics

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The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, deadweight loss equals ________

A) $1,600,000 B) $200,000 C) $800,000 D) $1,800,000 E) $400,000

Economics

Use the following graph to answer the next question.If the industry were perfectly competitive, the quantity of output produced would be ________.

A. 195 B. 160 C. 90 D. a level that is not labeled in the graph

Economics