During the real estates boom of the early 2000s, some banks operated with leverage ratios in excess of 30-to-1. a. True b. False 13. The Federal Reserve has policy instruments that it can aim directly at a specific category of asset price bubble. a. True b. False 14. The short-run effects of government's financial rescue program and fiscal stimulus package helped the economy increase aggregate demand curing the Great Recession. a. True b. False 15. Expansionary monetary policy will decrease interest rates and decrease the velocity of money. a. True b. False 16. The equation of exchange states that the money value of GDP must be equal to the product of the money stock times its velocity. a. True b. False