In 2008, the Fed Followed an Expansionary Monetary Policy, Which

question 38

Multiple Choice

In 2008, the Fed followed an expansionary monetary policy, which was evident by the:

• A)decrease in the federal funds rate from 4 percent in January to 0.25 percent in December.
• B)increase in the federal funds rate from 0.25 percent in January to 4 percent in December.
• C)decrease in the repo rate from 4 percent in January to 0.25 percent in December.
• D)increase in the discount rate and decrease in the Fed fund rate by the same amount.

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