Why Did the Monetary Base Increase Rapidly During the Economic

question 58

Multiple Choice

Why did the monetary base increase rapidly during the economic crisis of 2008?

• A) The Fed sold financial assets and extended fewer loans.
• B) The Fed increased both its purchase of assets and quantity of loans extended.
• C) The Fed increased its purchases of assets, but offset this with an increase in the reserve requirement.
• D) The Fed sold financial assets, but offset this with a reduction in the reserve requirement.

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Definitions:

Modern Values

Contemporary ethical and moral principles that guide behavior and practices, often contrasting with traditional values.

Catty

Describing behavior that is subtly or overtly spiteful, typically used to refer to mean-spirited competitiveness among women, though it can apply more broadly.

Gender Socialization

The process by which individuals learn and internalize the roles, behaviors, norms, and values expected of them according to their assigned gender.

Biology Is Not Destiny

A phrase highlighting the idea that biological or genetic predispositions do not strictly determine human behavior, choices, or identity.