By the standard of low-grade bonds,interest rates were ________ and monetary policy was ________ during the Great Depression.
A)low;tight
B)low;easy
C)high;tight
D)high;easy

Question

Quizplus · Accepted Answer

By the standard of low-grade bonds, interest rates were high during the Great Depression, as investors were hesitant to invest in risky assets. Monetary policy was tight as the Federal Reserve did not take sufficient measures to expand the money supply and stimulate the economy.

By the Standard of Low-Grade Bonds,interest Rates Were ________ and Monetary