QE2 Was an Effort to Revive the Economy in 2010

question 46

Multiple Choice

QE2 was an effort to revive the economy in 2010 and 2011. It relied on

• A)the traditional tools of monetary policy.
• B)new tools of monetary policy.
• C)discretionary fiscal policy.
• D)all of the options are correct.

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Definitions:

Railway Labor Act

A federal law in the United States that aims to avoid work stoppages and labor-management disputes in the railway and airline industries.

Substantive Law

Substantive law defines the rights and duties of people and substantive legal principles within civil, criminal, and administrative law, distinguishing from procedural law which outlines how rights are enforced.

Government

The governing body of a nation, state, or community, responsible for creating and enforcing laws and managing public services and resources.

Wagner Act

Also known as the National Labor Relations Act, it's a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.