In Response to the Severe Recession of 2008-2009, the Fed

question 173

Multiple Choice

In response to the severe recession of 2008-2009, the Fed

• A) expanded the monetary base and pushed  short-term interest rates sharply higher.
• B) reduced the size of the monetary base and pushed short-term interest rates sharply higher.
• C) more than doubled the size of the monetary base and pushed short-term interest rates  to near zero.
• D) more than doubled the size of the monetary base and pushed short-term interest rates to a historic high.

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Definitions:

Photoautotroph

An organism that obtains energy from light and synthesizes organic compounds from inorganic raw materials; includes plants, algae, and some bacteria. Compare with photoheterotroph, chemoautotroph, and chemoheterotroph.

Fumigallin

A chemical compound originally discovered for its antibiotic properties, often mentioned in the context of beekeeping to treat nosema disease.

Psilocybin

A naturally occurring psychedelic compound produced by more than 200 species of fungi.

Ergot Compounds

Chemical substances derived from the fungus Claviceps purpurea (ergot), which infects cereal grains and possesses psychoactive and medicinal properties, historically involved in the cause of ergotism or "St. Anthony's fire."