Economic freedom
A) is harmed by having too many property rights.
B) is created when the nation imposes many regulations on businesses.
C) is founded, in part, on the rule of law.
D) is not important for nations to grow.
E) must come from a democratic government.
Question 2
In 2008, the Fed created a new policy tool called
A) federal funds zero-rate, which required the Fed to lower the rate to near zero percent.
B) open market operations, which required the Fed to buy securities from only the federal government.
C) quantitative easing, which required the Fed to pay interest on required reserves.
D) interest rate reductions, which allowed the Fed to lower interest rates paid to banks.
E) quantitative easing, which allowed the Fed to buy private securities as well as government securities.
