In 2001, the Fed _____________ eleven times in order to help reduce the recession.
a. sold government securities
b. increased bank deposits
c. increased the supply of money
d. raised interest rates
e. lowered interest rates
Answer: E
In 2001, the Fed _____________ eleven times in order to help reduce the recession.
a. sold government securities
b. increased bank deposits
c. increased the supply of money
d. raised interest rates
e. lowered interest rates
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