Between 2004 and 2005 the Federal Reserve Raised Interest Rates

question 98

Multiple Choice

Between 2004 and 2005 the Federal Reserve raised interest rates 11 times. This is an example of

• A)discretionary fiscal policy.
• B)nondiscretionary fiscal policy.
• C)expansionary monetary policy.
• D)contractionary monetary policy.

---

Definitions:

Issue

A topic or problem that is under discussion or over which there are opposing views or disagreements.

Worth

The value of an object, individual, or concept, often characterized by its importance, utility, or monetary valuation.

Social Change

Transformations in the social structures and cultural practices of a society.

Nonprofits

Organizations that operate primarily for a public or social benefit rather than for the profit of private owners or shareholders.