48. The Federal Reserve Bank "controls" the Office of Terrorism & Financial Intelligence. The Federal Reserve Bank does have a network of international spies and intelligence officers who fight against crimes that could damage U.S. monetary policy. They fight against counterfeiting operations, international drug lords, terrorist organizations, and even against other nations like China, Russia, and Iran that sometimes engage in cyber attacks and other special operations designed to disrupt U.S. financial markets. True or False 50. Why is September 2008 - December 2008 such an important time period for U.S. Monetary Policy? Multiple Choice • By this time the U.S. was losing 600,000 jobs per month and the U.S. unemployment rate was going up at a rapid pace. • Major banks like Citibank and Washington Mutual were ready to fail because they made too many sub-prime mortgage loans. • Foreclosures on homes were increasing at a rapid rate because people could not pay their sub-prime mortgages. • All of the above statements are true and correct. 53. When we studied the section of the PowerPoint that talked about the history of the Fed and the related audio-visual lecture, what was the big deal about October 1979? Multiple Choice . That was the year that the first Star Trek movie was released and it was simply called, "Star Trek The Motion Picture." • The Fed decided to greatly expand the money supply back then to fight inflation (Ms > GDP). • The Fed decided to keep a balance in money supply growth to fight inflation (Ms = GDP). • The Fed shocked Congress by telling them they were going to shrink the money supply to fight high inflation and that Congress could no longer depend on the Fed to simply print up the extra money they wanted like they did for most of the 1970s (Ms< GDP). 61. Which problem or problems listed below prevents Monetary policy from being effective? Multiple Choice • The Operational Lag . All of the above. . The Recognition Lag The Administrative Lag
48. The Federal Reserve Bank "controls" the Office of Terrorism & Financial Intelligence. The Federal Reserve Bank does have a network of international spies and intelligence officers who fight against crimes that could damage U.S. monetary policy. They fight against counterfeiting operations, international drug lords, terrorist organizations, and even against other nations like China, Russia, and Iran that sometimes engage in cyber attacks and other special operations designed to disrupt U.S. financial markets. True or False 50. Why is September 2008 - December 2008 such an important time period for U.S. Monetary Policy? Multiple Choice • By this time the U.S. was losing 600,000 jobs per month and the U.S. unemployment rate was going up at a rapid pace. • Major banks like Citibank and Washington Mutual were ready to fail because they made too many sub-prime mortgage loans. • Foreclosures on homes were increasing at a rapid rate because people could not pay their sub-prime mortgages. • All of the above statements are true and correct. 53. When we studied the section of the PowerPoint that talked about the history of the Fed and the related audio-visual lecture, what was the big deal about October 1979? Multiple Choice . That was the year that the first Star Trek movie was released and it was simply called, "Star Trek The Motion Picture." • The Fed decided to greatly expand the money supply back then to fight inflation (Ms > GDP). • The Fed decided to keep a balance in money supply growth to fight inflation (Ms = GDP). • The Fed shocked Congress by telling them they were going to shrink the money supply to fight high inflation and that Congress could no longer depend on the Fed to simply print up the extra money they wanted like they did for most of the 1970s (Ms< GDP). 61. Which problem or problems listed below prevents Monetary policy from being effective? Multiple Choice • The Operational Lag . All of the above. . The Recognition Lag The Administrative Lag
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:48. The Federal Reserve Bank "controls" the Office of Terrorism & Financial Intelligence. The Federal Reserve Bank does
have a network of international spies and intelligence officers who fight against crimes that could damage U.S.
monetary policy. They fight against counterfeiting operations, international drug lords, terrorist organizations, and even
against other nations like China, Russia, and Iran that sometimes engage in cyber attacks and other special operations
designed to disrupt U.S. financial markets.
True or False
50. Why is September 2008 - December 2008 such an important time period for U.S. Monetary Policy?
Multiple Choice
.
.
.
53. When we studied the section of the PowerPoint that talked about the history of the Fed and the related audio-visual
lecture, what was the big deal about October 1979?
Multiple Choice
.
That was the year that the first Star Trek movie was released and it was simply called, "Star Trek The Motion Picture."
• The Fed decided to greatly expand the money supply back then to fight inflation (Ms > GDP).
• The Fed decided to keep a balance in money supply growth to fight inflation (Ms = GDP).
The Fed shocked Congress by telling them they were going to shrink the money supply to fight high inflation and
that Congress could no longer depend on the Fed to simply print up the extra money they wanted like they did for
most of the 1970s (Ms < GDP).
.
By this time the U.S. was losing 600,000 jobs per month and the U.S. unemployment rate was going up at a rapid
pace.
Major banks like Citibank and Washington Mutual were ready to fail because they made too many sub-prime.
mortgage loans.
Foreclosures on homes were increasing at a rapid rate because people could not pay their sub-prime mortgages.
All of the above statements are true and correct.
.
61. Which problem or problems listed below prevents Monetary policy from being effective?
Multiple Choice
.
The Operational Lag
All of the above.
The Recognition Lag
The Administrative Lag
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