Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?

Question

Quizplus · Accepted Answer

The unconventional monetary policy used by the Fed in 2009 and 2010, including quantitative easing, was criticized for various reasons, but higher unemployment was not one of them. In fact, these policies were implemented to combat the recession and prevent further increases in unemployment. Critics were concerned about potential higher inflation, the Fed overstepping its authority, and the selection of financial institutions for bailouts, but not about causing higher unemployment.

Which of the Following Was Not a Criticism of the Unconventional