Recent monetary policy of the United States
Which of the following are factors that contributed to the crisis of 2008? Check all that apply.
A rapid increase in the world price of crude oil
A high federal funds rate
High inflation
The collapse of the stock market
Although during the crisis of 2008, the Fed engaged in 1. ______________ monetary policy, the economy continued to be characterized by 2. _________________.
1. a moderately expansionary / a highly restrictive / a highly expansionary / a moderately restrictive
2. high growth and low inflation / slow growth and high unemployment / high growth and low unemployment / slow growth and high inflation.