Author Question: As the financial crisis became more severe in 2008, the Federal Reserve undertook a(n) ________ of ... (Read 54 times)

burchfield96 · **on:** Jun 30, 2018

As the financial crisis became more severe in 2008, the Federal Reserve undertook a(n) ________ of monetary policy, an effect of which is to ________ inflation.

A) contraction; raise
B) easing; raise
C) contraction; lower
D) easing; lower
E) none of the above

Question 2

The government deficit

A) is equal to the government surplus plus taxes minus government spending.
B) is equal to GDP minus GNP.
C) is equal to disposable income plus the current account surplus.
D) is equal to the negative of government saving.