The reminiscences of two famous people who were born into slavery, Frederick Douglass and Booker T. Washington, include all of the following except
(a) The common custom among slave owners was to ensure that small children of slaves
had the nurturing of both parents until they reached good working age.
(b) Their early years were not very different from thousands of other slave children.
(c) Their fathers were white men.
(d) They saw their mothers infrequently, only a few times in their lives, or only sometimes
in the early morning hours before their mothers went to work or late at night.
(a)
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In the "old days" (prior to 2008), the Fed typically conducted monetary policy by:
A. buying long-term assets like mortgage-backed securities. B. adjusting government spending and taxation. C. changing the interest rate that it paid banks on their reserves. D. targeting the federal funds rate with open market operations.
In the aggregate demand-aggregate supply model, the economy's price level is assumed to be:
A. Constant, just like in the aggregate expenditures model B. Variable, just like in the aggregate expenditures model C. Constant, unlike in the aggregate expenditures model D. Variable, unlike in the aggregate expenditures model