Central Banking Drill 2

The Federal Reserve's dual mandate is:

Which is the Fed's most frequently used monetary policy tool?

If the Fed buys government bonds in the open market, then, all else equal:

Raising the discount rate (the rate the Fed charges banks) tends to:

Quantitative easing differs from conventional policy in that it:

The federal funds rate is:

Contractionary monetary policy is intended to:

The liquidity trap describes a situation where:

If the Fed wants to combat a recession, it would most likely:

Central bank independence is valued mainly because it: