Multiple Choice
Which of the following is inconsistent with the view that Fed monetary policy was excessively expansionary during 2010-2013?
A) Short-term interest rates that were near zero throughout these years.
B) A rapid increase in the monetary base throughout these years.
C) A tripling of Fed asset holdings from less than $1 trillion in 2008 to approximately $3 trillion in 2012.
D) Growth of nominal GDP during 2010-2012 at a rate similar to that of recent decades.
Correct Answer:
Verified
Correct Answer:
Verified
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