17. The Federal Reserve in on record saying that:

It will end quantitative easing when the unemployment rates returns to 5 percent

The economy emerged from the recession in March 2021

Real GDP is growing faster than aggregate demand

Short-term interest rates will be held close to zero for three years

18.One unusual move that the Fed made to address the economic disruptions during the pandemic was to:

begin open market sales of government bonds to financial institutions

start financing loans to private businesses and local governments

lower the reserve requirement for commercial banks

raise the discount rate for banks that borrow from the Fed