The Sharp Drop in the Money Multiplier Between 2008 and 2009

question 128

True/False

The sharp drop in the money multiplier between 2008 and 2009 enhanced the Fed's ability to fight the recession.

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Definitions:

Fleeting

Something that happens for a very short time; brief or transient.

Encoded

The process by which information is transformed into a format that can be stored and used in memory.

Explicit Memory

Memory of facts and experiences that one can consciously know and “declare.” (Also called declarative memory.)

Iconic Memory

A type of visual sensory memory that holds a brief photographic image of a scene that has just been observed, for a very short period.