no missing data select the most correct answers please

66.(1)

During the period that many call the Great Recession:

GDP fell.

unemployment rose.

there was a sharp decrease in consumer spending.

All of these are true.

67.(1)

Expansionary monetary policy:

decreases the interest rate and increases the price level.

decreases the interest rate and decreases the price level.

increases the interest rate and increases the price level.

increases the interest rate and decreases the price level.

68.(1)

If the economy is in a recession, the Fed could:

buy bonds through open market operations to increase spending in the economy.

sell bonds through open market operations to increase spending in the economy.

increase the discount rate so banks will increase their lending in the economy.

increase the reserve requirement to increase confidence in the financial system.

69.(1)

If the Fed wishes to slow economic activity, it might actively pursue:

expansionary fiscal policy.

expansionary monetary policy.

contractionary fiscal policy.

contractionary monetary policy.

70.(1)

Monetary policy primarily influences the economy through changes in:

the interest rate.

spending by government.

spending by the Fed.

the discount rate.

71.(1)

The goal of contractionary monetary policy is to:

reduce interest rates to stimulate the economy.

increase interest rates to stimulate the economy.

reduce interest rates to slow down the economy.

increase interest rates to slow down the economy.

72.(1)

The goal of expansionary monetary policy is to:

reduce interest rates to stimulate the economy.

increase interest rates to stimulate the economy.

reduce interest rates to slow down the economy.

increase interest rates to slow down the economy.

73.(1)

If the Fed wishes to increase the money supply, it could:

buy a bond.

increase the reserve requirement.

increase the discount rate.

All of these would increase the money supply.

74.(1)

The twin responsibilities of the Federal Reserve are:

to maintain full employment and balance the federal budget.

to ensure price stability and maintain full employment.

to ensure price stability and regulate international trade.

to print money and ensure price stability.

75.(1)

The Federal Reserve:

is the central bank of the United States.

sets the budget for the U.S. government.

is appointed by the president of the United States.

All of these are true.

76.(1)

The definition of M2 includes:

cash and checking account balances.

hard money and savings account balances.

cash, checking account, and savings account balances.

cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.

77.(1)

Liquidity refers to:

how easy an asset is to convert immediately to cash without losing value.

how quickly the same dollar changes hands in the economy.

how quickly the average household spends its disposable income.

how easy money converts to assets in an economy.

78.(1)

The ratio of the total amount of demand deposits at a bank to the amount kept as cash reserves is known as:

the reserve ratio.

the demand deposit ratio.

the demand-reserve ratio.

the federal funds rate.

79.(1)

The primary way that banks earn money is:

through lending funds and collecting interest on those loans.

through the accumulation of deposits.

by lending money to the government.

by the government paying them to regulate the financial system.