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When the Financial Crisis Started in August 2007,inflation Was Rising

Question 7

Multiple Choice

When the financial crisis started in August 2007,inflation was rising and the Fed began an aggressive easing lowering of the federal funds rate,which indicated that


A) there was an upward movement along the monetary policy curve.
B) there was a downward movement along the monetary policy curve.
C) the monetary policy curve shifted upward.
D) the monetary policy curve shifted downward.

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