Multiple Choice
During the financial crisis of 2008-2010, the Fed
A) increased its purchases of securities and other financial assets and extended more loans, which expanded the monetary base.
B) increased its purchases of securities and other financial assets and extended more loans, which reduced the monetary base.
C) reduced its purchases of securities and other financial assets and extended fewer loans, which expanded the monetary base.
D) reduced its purchases of securities and other financial assets and extended fewer loans, which caused the monetary base to decline.
Correct Answer:
Verified
Correct Answer:
Verified
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