Prior to the recession which began in late 2007, the Federal Reserve purchased ________ of the government budget deficit.
A) none
B) a small portion
C) about 50 percent
D) all

Question

Quizplus · Accepted Answer

Prior to the recession that began in late 2007, the Federal Reserve typically purchased only a small portion of the government budget deficit, mainly through open market operations to manage the money supply and interest rates, rather than directly financing the government deficit.

Prior to the Recession Which Began in Late 2007, the Federal