Which 2009 Condition Limited the Federal Reserve's Options in the Use

Multiple Choice

Which 2009 condition limited the Federal Reserve's options in the use of traditional expansionary monetary policy?

A) Open market operations had previously failed.
B) The Great Recession had ended.
C) The federal funds rate was already at 0 percent.
D) Inflation was rising at an unexpected rate.
E) The Great Recession was worsening.