Aggressive Policy Measures Taken by the Monetary Authority During the 2007-08

question 60

Multiple Choice

Aggressive policy measures taken by the monetary authority during the 2007-08 financial crisis in the United States resulted in:

• A) avoidance of a recession caused by a tight credit market.
• B) almost no transmission of the monetary stimulus to market rates of interest, increased lending, and expansion of GDP.
• C) lower rates of interest and increased investment activity.
• D) an increase of real GDP and a fall in the core unemployment rate.

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Definitions:

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Salpêtrière

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