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    Principles of Macroeconomics
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    Exam 11: Monetary Policy and the Fed
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    Toward the End of 2008, the U
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Toward the End of 2008, the U

Question 40

Question 40

Multiple Choice

Toward the end of 2008, the U.S. economy was characterized by all of the following except


A) credit tightening by banks.
B) rising inflation.
C) falling real GDP.
D) an unprecedented federal funds rate below 1%.

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