The Important Effects of ZIRP, QE, and Operation Twist Include

question 78

Multiple Choice

The important effects of ZIRP, QE, and Operation Twist include the following, except:

• A) The federal government was able to fund huge budget deficits at lower than normal interest rates
• B) The Fed became the federal government's primary lender, financing a huge portion of the budget deficit
• C) Government spending in effect became largely funded by "newly printed" money
• D) The Fed's monetary policy somewhat offset the effects of the federal government's fiscal policy

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Definitions:

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The false belief that love occurs spontaneously and immediately, without the gradual development of emotional attachment and intimacy.

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