when the federal reserve began its policy of quan

UESTION 38 When the Federal Reserve began its policy of quantitative easing in November 2008, there wasin the monetary base. a a decline Ob. a dramatic increase c. no change O d. a slight increase QUESTION 42 monetary policy. In the current year, a shock has lowered the inflation rate from 1.5% The central bank of Substantia uses a price level target to conduct to 1.0%. Following the shock, firms and households can expect an inflation rate of 0 a. 2.5%. b. 2.0%. c. 1.5%. d. 1