As of 2013,the U

question 276

Multiple Choice

As of 2013,the U.S.monetary base has ________ its 2007 level,the level held before the 2008 financial crisis,as a direct result of ________.

• A)quadrupled;the Fed's actions with quantitative easing
• B)doubled;the Fed's actions with quantitative easing
• C)tripled;the Fed's actions with quantitative easing
• D)quadrupled;the Fed's actions and the resulting reduction of the money multiplier
• E)tripled;the Fed's actions and the resulting reduction of the currency drain

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Definitions:

Units

A measure of quantity, often used in inventory management, production, and accounting, to quantify items or services.

Variable Cost

Rephrased: Expenses that vary with production output or business activity levels.

Units

A basic measure of the quantity of a product or service produced or sold.

Sold

The completion of a transaction where goods or services are exchanged for money.