In 2008, the Fed Followed an Expansionary Monetary Policy, Which

Multiple Choice

In 2008, the Fed followed an expansionary monetary policy, which was evident by the:

A) decrease in the federal funds rate from 4 percent in January to 0.25 percent in December.
B) increase in the federal funds rate from 0.25 percent in January to 4 percent in December.
C) decrease in the repo rate from 4 percent in January to 0.25 percent in December.
D) increase in the discount rate and decrease in the Fed fund rate by the same amount.