The "Quantitative Easing" Policies of the Fed During, and Following

question 25

Multiple Choice

The "quantitative easing" policies of the Fed during, and following, the financial crisis of 2008-2009,

• A) expanded the reserves available to the banking system, leading to a rapid increase in the M1 money supply as banks used the reserves to extend additional loans.
• B) reduced the reserves available to the banking system, leading to a sharp reduction in outstanding loans and a decline in the M1 money supply.
• C) expanded the reserves available to the banking system, but the M1 money supply increased slowly because the banks enlarged their excess reserves.
• D) reduced the reserves available to the banking system, leading to a substantial increase in outstanding loans and the M1 money supply.

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Definitions:

Mystical Experiences

Profound, often ineffable experiences of unity, transcendence, or connectivity with a larger reality, frequently described as spiritual or religious in nature.

LSD

Lysergic acid diethylamide, a powerful psychoactive drug known for its psychological effects, which may include altered thinking processes, perceptions, and awareness.

Unusually Aware

Having a heightened or more acute perception or consciousness than is common.

Challenging Patient

A patient who, due to their condition, behavior, or specific needs, requires more effort, skill, or patience to manage effectively.